2024: Pennsylvania reports $5 billion in corporation net income taxes revenue

Josh Shapiro, Governor of Pennsylvania
Josh Shapiro, Governor of Pennsylvania
0Comments

Of the $55.2 billion in taxes collected by Pennsylvania in 2024, 9%, or $5 billion, came from corporation net income taxes, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

The State Government Tax Collections (STC) survey tracks five major tax categories and up to 25 subcategories, gathering data from all 50 state governments and their dependent agencies.

The Census Bureau notes that it defines tax classifications consistently across states, which may differ from how individual states categorize them.

According to the U.S. Census Bureau, state and local governments collect a wide range of taxes to fund public programs and services. These revenues are typically allocated to areas such as transportation, education, and public safety. In 2024, state tax collections alone amounted to nearly $1.5 trillion nationwide, representing a significant part of overall government operations.

The amount each state collects depends on its tax rates, bases, and policy priorities. In 2023, North Dakota topped the list with the largest state tax collection per capita at $7,715.71, followed by Hawaii ($7,098.72) and Vermont ($6,948.15), according to the U.S. Census Bureau.

Below is a breakdown of how taxes were classified by subcategory and how much was collected.

2024 Pennsylvania Tax Collections
Type of Tax Amount
Individual income taxes $17,079,032,000
General sales and gross receipts taxes $15,599,908,000
Selective sales and gross receipts taxes $12,010,122,000
Corporation net income taxes $4,956,531,000
Motor fuels sales taxes $3,380,028,000
Other selective sales and gross receipts taxes $2,316,720,000
Amusements sales taxes $2,279,809,000
Estate and gift taxes $1,580,764,000
Motor vehicle license taxes $1,479,440,000
Public utilities sales taxes $1,395,154,000
Occupation and businesses license taxes $1,318,771,000
Insurance premiums sales taxes $1,017,628,000
Tobacco products sales taxes $959,854,000
Documentary and stock transfer taxes $697,497,000
Alcoholic beverages sales taxes $473,078,000
Motor vehicle operators license taxes $93,898,000
Hunting and fishing license taxes $91,668,000
Public utilities license taxes $86,188,000
Other taxes, NEC $66,792,000
Alcoholic beverages license taxes $35,336,000
Amusements license taxes $33,543,000
Other license taxes $21,245,000
Corporations in general license taxes $3,219,000

Information in this story was obtained from the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC). The source data can be found here.



Related

Troy Rivetti, U.S. Attorney's Office for the Western District of Pennsylvania

Johnstown resident sentenced to 12 years in prison for drug trafficking

A Johnstown man has been sentenced to twelve years in federal prison for drug trafficking offenses involving methamphetamine and fentanyl. Authorities say his conviction followed an extensive investigation by multiple law enforcement agencies as part of a national task force effort.

Troy Rivetti, U.S. Attorney's Office for the Western District of Pennsylvania

Wilkinsburg resident sentenced for theft on Pittsburgh-bound flight

A Wilkinsburg man has been sentenced after admitting guilt for stealing from another passenger during a cross-country flight. Authorities say Jaymer Ferrell was found with stolen items upon arrival at Pittsburgh International Airport.

David Metcalf, U.S. Attorney for the Eastern District of Pennslyvania

Philadelphia real estate agent sentenced to prison for fraudulent loan scheme

Jonathan Barach has been sentenced to over three years in prison for running a fraudulent loan scheme through his Philadelphia-based real estate companies. He raised millions under false pretenses but spent investor funds on personal expenses rather than real estate projects.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Keystone Today.