Quantcast

Green Mountain Times

Saturday, November 23, 2024

Vermont collects $51 million in license tax revenue in Q1

Webp v1ipombur4cwv9bqqwic0y1jgefx

Vermont Tax Commissioner Craig Bolio | Vermont Department of Taxes

Vermont Tax Commissioner Craig Bolio | Vermont Department of Taxes

Vermont collected $51 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, Vermont collected $808 million in combined tax revenues in Q1.

Q1 Vermont Tax Collections

Type of TaxAmount (millions)
Income Taxes$294
License Taxes$51
Other Taxes$28
Property Taxes$9
Sales and Gross Receipts Taxes$423

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