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Friday, November 15, 2024

Mississippi collects $103 million in license tax revenue in Q4

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Chris Graham, Commissioner of Revenue | Mississippi Department of Revenue

Chris Graham, Commissioner of Revenue | Mississippi Department of Revenue

Mississippi collected $103 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, Mississippi collected $2.6 billion in combined tax revenues in Q4.

Q4 Mississippi Tax Collections

Type of TaxAmount (millions)
Income Taxes$797
License Taxes$103
Other Taxes$13
Property Taxes$18
Sales and Gross Receipts Taxes$1,677

Source: U.S. Census Bureau

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