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Monday, April 14, 2025

Q3 2024: Maine's combined tax revenues down 2.9% since Q2 2024

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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 $1.9 billion in total tax revenues during the third quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

These tax revenues stem from various sources, including property tax, sales and gross receipts tax, licenses, income tax, and miscellaneous tax.

The majority of the state’s tax revenue was collected through general sales and gross receipts taxes ($883 million) and income taxes ($863 million).


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

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 that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Q3 2024 Maine Tax Collections
Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$883
Income Taxes$863
License Taxes$76
Property Taxes$43
Other Taxes$32

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