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Wednesday, December 4, 2024

Connecticut collects $110 million in license tax revenue in Q2

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Mark D. Boughton Commissioner of Revenue at Connecticut Department of Revenue Services | Connecticut Department of Revenue Services

Mark D. Boughton Commissioner of Revenue at Connecticut Department of Revenue Services | Connecticut Department of Revenue Services

Connecticut collected $110 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.

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, Connecticut collected $7 billion in combined tax revenues in Q2.

Q2 Connecticut Tax Collections

Type of TaxAmount (millions)
Income Taxes$4,496
License Taxes$110
Other Taxes$105
Sales and Gross Receipts Taxes$2,254

Source: U.S. Census Bureau

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