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Sunday, December 22, 2024

Missouri collects $187 million in license tax revenue in Q4

Taxes

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Wayne Wallingford Director Department of Revenue at Missouri Department of Revenue | Missouri Department of Revenue

Wayne Wallingford Director Department of Revenue at Missouri Department of Revenue | Missouri Department of Revenue

Missouri collected $187 million in license taxes during the fourth quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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 $4.1 billion in combined tax revenues in Q4.

Q4 Missouri Tax Collections

Type of TaxAmount (millions)
Income Taxes$2,052
License Taxes$187
Other Taxes$3
Property Taxes$11
Sales and Gross Receipts Taxes$1,888

Source: U.S. Census Bureau

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State Of Missouri

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