Quantcast

Pine State News

Wednesday, December 4, 2024

Maine's license tax revenue up 7.9% in Q2 compared to previous quarter

Webp pxnkejczbr8ehbisglaax4rr1iqo

Kirsten Figueroa Commissioner of Revenue at Maine Revenue Services | Maine Revenue Services

Kirsten Figueroa Commissioner of Revenue at Maine Revenue Services | Maine Revenue Services

Maine collected $96 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.

This represents a 7.9% increase over the previous quarter, when license tax revenue was $89 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, Maine collected $2 billion in combined tax revenues in Q2.

Q2 Maine Tax Collections

Type of TaxAmount (millions)
Income Taxes$982
License Taxes$96
Other Taxes$31
Property Taxes$2
Sales and Gross Receipts Taxes$841

Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS