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North Carolina collects $568 million in license tax revenue in Q4

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Ronald G. Penny, Commissioner of Revenue | North Carolina Department of Revenue

Ronald G. Penny, Commissioner of Revenue | North Carolina Department of Revenue

North Carolina collected $568 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, North Carolina collected $9.1 billion in combined tax revenues in Q4.

Q4 North Carolina Tax Collections

Type of TaxAmount (millions)
Income Taxes$4,019
License Taxes$568
Other Taxes$26
Sales and Gross Receipts Taxes$4,489

Source: U.S. Census Bureau

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