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Empire State Today

Tuesday, November 26, 2024

New York state collects $179 million in license tax revenue in Q2

New York state collected $179 million in license taxes during the second quarter of 2024, 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 $33 billion in combined tax revenues in Q2.

Q2 New York state Tax Collections

Type of TaxAmount (millions)
Income Taxes$22,508
License Taxes$179
Other Taxes$1,409
Sales and Gross Receipts Taxes$8,593

Source: U.S. Census Bureau

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