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Wednesday, November 27, 2024

Louisiana's license tax revenue down 52.4% in Q1 compared to previous quarter

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Jay Dardenne, Commissioner of Revenue | Louisiana Department of Revenue

Jay Dardenne, Commissioner of Revenue | Louisiana Department of Revenue

Louisiana collected $100 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 52.4% decrease from the previous quarter, when license tax revenue was $210 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 $3.2 billion in combined tax revenues in Q1.

Q1 Louisiana Tax Collections

Type of TaxAmount (millions)
Income Taxes$718
License Taxes$100
Other Taxes$211
Property Taxes$16
Sales and Gross Receipts Taxes$2,149

Source: U.S. Census Bureau

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