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Thursday, September 19, 2024

Georgia collects $150 million in license tax revenue in Q4

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Frank O’Connell Commissioner of Revenue at Georgia Department of Revenue | Georgia Department of Revenue

Frank O’Connell Commissioner of Revenue at Georgia Department of Revenue | Georgia Department of Revenue

Georgia collected $150 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, Georgia collected $8 billion in combined tax revenues in Q4.

Q4 Georgia Tax Collections

Type of TaxAmount (millions)
Income Taxes$4,938
License Taxes$150
Other Taxes$50
Property Taxes$211
Sales and Gross Receipts Taxes$2,604

Source: U.S. Census Bureau

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