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Thursday, September 19, 2024

Oklahoma collects $219 million in license tax revenue in Q4

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Mark Wood tax Commissioner at Oklahoma Tax Commission | Oklahoma Tax Commission

Mark Wood tax Commissioner at Oklahoma Tax Commission | Oklahoma Tax Commission

Oklahoma collected $219 million in license taxes during the fourth quarter of 2023, 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, Oklahoma collected $3.1 billion in combined tax revenues in Q4.

Q4 Oklahoma Tax Collections

Type of TaxAmount (millions)
Income Taxes$1,161
License Taxes$219
Other Taxes$341
Sales and Gross Receipts Taxes$1,394

Source: U.S. Census Bureau

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