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Wednesday, December 4, 2024

Montana's license tax revenue down 2.2% in Q2 compared to previous quarter

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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 $180 million in license taxes during the second quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

This represents a 2.2% decrease from the previous quarter, when license tax revenue was $184 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, Montana collected $1.6 billion in combined tax revenues in Q2.

Q2 Montana Tax Collections

Type of TaxAmount (millions)
Income Taxes$792
License Taxes$180
Other Taxes$71
Property Taxes$222
Sales and Gross Receipts Taxes$258

Source: U.S. Census Bureau

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