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Saturday, November 23, 2024

Montana collects $97 million in license tax revenue in Q4

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Brendan Beatty Director of Montana Department of Revenue | Montana Department of Revenue

Brendan Beatty Director of Montana Department of Revenue | Montana Department of Revenue

Montana collected $97 million in license taxes during the fourth quarter of 2023, 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, Montana collected $1.2 billion in combined tax revenues in Q4.

Q4 Montana Tax Collections

Type of TaxAmount (millions)
Income Taxes$663
License Taxes$97
Other Taxes$64
Property Taxes$160
Sales and Gross Receipts Taxes$237

Source: U.S. Census Bureau

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