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Thursday, December 26, 2024

Florida’s license tax revenue up 2.1 percent in Q3 since the same quarter of the previous year

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Florida collected $622 million in license taxes during the third quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

This is a 2.1 percent increase over the same quarter of the previous year when license tax revenue was $609 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, Florida collected $13.7 billion in combined tax revenues during the third quarter of 2021.

Q3 Florida Tax Collections

Type of TaxAmount (in millions of dollars)
License Taxes$622
Income Taxes$873
Other Taxes$1,501
Property Taxes$0
Sales and Gross Receipts Taxes$10,719

Source: U.S. Census Bureau

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