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Wednesday, November 13, 2024

Florida reports $810 million in license tax revenue in Q1

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Florida collected $810 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.

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, Florida collected $12.1 billion in combined tax revenues during the first quarter of 2021.

Q1 Florida Tax Collections

Type of TaxAmount (in millions of dollars)
License Taxes$810
Income Taxes$327
Other Taxes$1,200
Property Taxes$0
Sales and Gross Receipts Taxes$9,785

Source: U.S. Census Bureau

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