Connecticut ranks 26th in the U.S. for most corporations in general license taxes paid in 2023

Ned Lamont, Governor of Connecticut - www.facebook.com
Ned Lamont, Governor of Connecticut - www.facebook.com
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In 2023, Connecticut collected $36.5 million in corporations in general license taxes, placing it 26th among all U.S. states, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

This marked a 0.2% decrease from the $36.6 million generated in the previous year.

For comparison, Delaware topped the national rankings in 2023, collecting $2.4 billion in corporations in general license taxes.

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.

All figures in this article reflect taxes collected by state governments only, based on the STC. They do not include local taxes, such as most property taxes, which make up a significant portion of overall taxes paid by residents.

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.

U.S. Corporations in General License Taxes by State in 2023
Rank State Amount
1 Delaware $2,390,053,000
2 Tennessee $1,650,187,000
3 North Carolina $994,828,000
4 New Jersey $707,856,000
5 Louisiana $443,597,000
6 Illinois $366,239,000
7 Florida $278,897,000
8 Ohio $267,659,000
9 Mississippi $255,094,000
10 Alabama $218,327,000
11 South Carolina $170,146,000
12 Texas $157,903,000
13 Maryland $140,758,000
14 Kentucky $121,489,000
15 Nevada $88,697,000
16 New Hampshire $88,535,000
17 California $83,264,000
18 Iowa $82,185,000
19 Virginia $81,072,000
20 Georgia $59,280,000
21 Washington $56,374,000
22 Oklahoma $55,213,000
23 Arizona $50,836,000
24 Oregon $46,684,000
25 Arkansas $39,548,000
26 Connecticut $36,504,000
27 Michigan $36,144,000
28 Wisconsin $31,804,000
29 Massachusetts $25,925,000
30 Wyoming $24,950,000
31 Colorado $20,547,000
32 Minnesota $16,597,000
33 Kansas $15,757,000
34 Maine $15,252,000
35 Indiana $12,868,000
36 South Dakota $8,523,000
37 Rhode Island $7,907,000
38 Montana $7,008,000
39 Nebraska $6,378,000
40 Idaho $6,021,000
41 Pennsylvania $4,147,000
42 Vermont $3,370,000
43 Hawaii $2,861,000
44 New Mexico $2,678,000
45 West Virginia $1,011,000
46 New York $420,000
47 Utah $266,000

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.



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