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Tuesday, November 5, 2024

Arizona’s license tax revenue up 11.8 percent in Q1 since the previous quarter

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Arizona collected $161 million in license taxes during the first quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

This is an 11.8 percent increase over the previous quarter when license tax revenue was $144 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, Arizona collected $4.3 billion in combined tax revenues during the first quarter of 2021.

Q1 Arizona Tax Collections

Type of TaxAmount (in millions of dollars)
License Taxes$161
Income Taxes$1,172
Other Taxes$17
Property Taxes$257
Sales and Gross Receipts Taxes$2,737

Source: U.S. Census Bureau

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