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Tuesday, October 8, 2024

Missouri’s license tax revenue down 0.6 percent in Q3 since the same quarter of the previous year

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Missouri collected $170 million in license taxes during the third quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

This is a 0.6 percent decrease from the same quarter of the previous year when license tax revenue was $171 million.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments. Also, not all states collect all types of taxes.

Overall, Missouri collected $3.9 billion in combined tax revenues during the third quarter of 2021.

Q3 Missouri Tax Collections

Type of TaxAmount (in millions of dollars)
License Taxes$170
Income Taxes$2,051
Other Taxes$1
Property Taxes$1
Sales and Gross Receipts Taxes$1,632

Source: U.S. Census Bureau

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