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Wednesday, April 16, 2025

Montana's combined tax revenues down 40.6% from Q2 to Q3 2024

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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

Combined tax revenues in Montana decreased 40.6% in the third quarter of 2024 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

Overall, Montana collected $921 million in taxes during the third quarter of 2024, compared to $1.6 billion in the previous quarter.

The majority of the state’s tax revenue was collected through income taxes ($558 million) and alcoholic beverages sales tax ($177 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 that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Q3 Montana Tax Collections
Type of TaxAmount (millions)
Income Taxes$558
Sales and Gross Receipts Taxes$177
License Taxes$88
Other Taxes$63
Property Taxes$23
Source: U.S. Census Bureau

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