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Monday, November 25, 2024

North Carolina ranks third in the U.S. for the most corporations in general license paid in 2020

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In 2020, North Carolina collected $752.1 million in corporations in general license, ranking it third in the United States, according to the U.S. Census Bureau's Annual Survey of State Government Tax Collections (STC).

The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.

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.

Below is a breakdown of how taxes were classified by the bureau and how much was collected.

U.S. corporations in general license by State in 2020
RankStateAmount
1Delaware$1,643,896,000
2Tennessee$818,243,000
3North Carolina$752,141,000
4New Jersey$374,586,000
5Illinois$311,797,000
6Ohio$294,382,000
7Florida$222,541,000
8Texas$204,061,000
9Louisiana$184,652,000
10Alabama$172,986,000
11Kentucky$151,794,000
12Mississippi$132,851,000
13South Carolina$130,868,000
14California$84,567,000
15Maryland$83,751,000
16Nevada$76,560,000
17New Hampshire$75,975,000
18Iowa$75,484,000
19Georgia$74,243,000
20Virginia$66,069,000
21Oklahoma$53,085,000
22Oregon$48,073,000
23Washington$45,559,000
24District of Columbia$37,248,000
25New Mexico$36,705,000
26Connecticut$32,538,000
27Michigan$31,472,000
28Kansas$28,040,000
29Arkansas$27,257,000
30Arizona$25,105,000
31Massachusetts$24,761,000
32Wisconsin$23,956,000
33Colorado$23,474,000
34Wyoming$15,761,000
35Nebraska$15,738,000
36Maine$11,777,000
37Minnesota$9,409,000
38Indiana$9,112,000
39South Dakota$6,675,000
40Pennsylvania$5,440,000
41Montana$5,283,000
42Rhode Island$5,266,000
43Idaho$4,182,000
44Vermont$3,729,000
45New York$2,286,000
46Hawaii$1,959,000
47West Virginia$728,000
48Utah$443,000
Source: U.S. Census Bureau

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