Quantcast

First State Times

Wednesday, December 4, 2024

Delaware's license tax revenue down 6.8% in Q1 compared to same quarter of the previous year

Webp wyrh1zvosdy2akwpl52bb1tuscmv

Kathy L. Revel Director Division of Revenue at Delaware Department of Finance | Delaware Department of Finance - Division of Revenue

Kathy L. Revel Director Division of Revenue at Delaware Department of Finance | Delaware Department of Finance - Division of Revenue

Delaware collected $743 million in license taxes during the first quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

This represents a 6.8% decrease from the same quarter the previous year, when license tax revenue was $797 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, Delaware collected $1.7 billion in combined tax revenues in Q1.

Q1 Delaware Tax Collections

Type of TaxAmount (millions)
Income Taxes$736
License Taxes$743
Other Taxes$47
Sales and Gross Receipts Taxes$142

Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

MORE NEWS