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Wednesday, December 4, 2024

Oregon's license tax revenue up 36.6% in Q2 compared to previous quarter

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Betsy Imholt​​​ Director of Oregon Department of Revenue | Oregon Department of Revenue

Betsy Imholt​​​ Director of Oregon Department of Revenue | Oregon Department of Revenue

Oregon collected $332 million in license taxes during the second quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

This represents a 36.6% increase over the previous quarter, when license tax revenue was $243 million.

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, Oregon collected $4.3 billion in combined tax revenues in Q2.

Q2 Oregon Tax Collections

Type of TaxAmount (millions)
Income Taxes$2,975
License Taxes$332
Other Taxes$118
Property Taxes$3
Sales and Gross Receipts Taxes$859

Source: U.S. Census Bureau

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