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Sunday, November 17, 2024

Louisiana’s license tax revenue unchanged in Q3 since the same quarter of the previous year

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Louisiana collected $126 million in license taxes during the third quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

This is unchanged from the same quarter of the previous year when license tax revenue was $126 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, Louisiana collected $3.8 billion in combined tax revenues during the third quarter of 2021.

Q3 Louisiana Tax Collections

Type of TaxAmount (in millions of dollars)
License Taxes$126
Income Taxes$1,446
Other Taxes$124
Property Taxes$16
Sales and Gross Receipts Taxes$2,058

Source: U.S. Census Bureau

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