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Thursday, November 21, 2024

New York state collects $161 million in license tax revenue in Q4

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Amanda Hiller Acting Tax Commissioner at New York State Department of Taxation and Finance | New York State Department of Taxation and Finance

Amanda Hiller Acting Tax Commissioner at New York State Department of Taxation and Finance | New York State Department of Taxation and Finance

New York state collected $161 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, New York state collected $26.2 billion in combined tax revenues in Q4.

Q4 New York state Tax Collections

Type of TaxAmount (millions)
Income Taxes$15,500
License Taxes$161
Other Taxes$1,602
Sales and Gross Receipts Taxes$8,665

Source: U.S. Census Bureau

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