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Wednesday, December 25, 2024

Pennsylvania’s license tax revenue up 5.6 percent in Q3 since the previous quarter

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Pennsylvania collected $697 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 5.6 percent increase over the previous quarter when license tax revenue was $660 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, Pennsylvania collected $11.4 billion in combined tax revenues during the third quarter of 2021.

Q3 Pennsylvania Tax Collections

Type of TaxAmount (in millions of dollars)
License Taxes$697
Income Taxes$4,375
Other Taxes$631
Property Taxes$2
Sales and Gross Receipts Taxes$5,647

Source: U.S. Census Bureau

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