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Wednesday, November 6, 2024

North Carolina reports $465 million in license tax revenue in Q3

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North Carolina collected $465 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.

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, North Carolina collected $8.3 billion in combined tax revenues during the third quarter of 2021.

Q3 North Carolina Tax Collections

Type of TaxAmount (in millions of dollars)
License Taxes$465
Income Taxes$3,930
Other Taxes$38
Sales and Gross Receipts Taxes$3,855

Source: U.S. Census Bureau

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