Quantcast

Sooner State News

Saturday, November 23, 2024

Oklahoma collects $235 million in license tax revenue in Q1

Webp k9dhwfms4x050ou32v6q98qs2upk

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

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

Oklahoma collected $235 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.

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 $2.9 billion in combined tax revenues in Q1.

Q1 Oklahoma Tax Collections

Type of TaxAmount (millions)
Income Taxes$1,057
License Taxes$235
Other Taxes$301
Sales and Gross Receipts Taxes$1,324

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

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS