Nevada collects $159 million in license tax revenue in Q4

Anthony Wren Tax Commissioner at State of Nevada Department of Taxation - State of Nevada Department of Taxation
Anthony Wren Tax Commissioner at State of Nevada Department of Taxation - State of Nevada Department of Taxation
0Comments

Nevada collected $159 million in license taxes during the fourth 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 that it sets the tax classifications among the survey categories, and they may differ from the classifications set by state governments.

Overall, Nevada collected $3.7 billion in combined tax revenues in Q4.

Q4 Nevada Tax Collections
Type of Tax Amount (millions)
Sales and Gross Receipts Taxes $2,887
Property Taxes $466
Other Taxes $202
License Taxes $159

Information in this article was obtained from the U.S. Census Bureau. The source data can be found here.



Related

Governor Josh Green - Governor of Hawaii

2024: Nevada’s amusements sales taxes collections were down, changing by 7.3% from the previous year

Out of the $15 billion in total tax revenue collected by Nevada in 2024, $1.2 billion came from amusements sales taxes, representing a decrease from the previous year, when the total was $1.3 billion, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Nevada Lt. Govenor Stavros Anthony - ltgov.nv.gov

Total state tax intake in Nevada rose to $15 billion in 2024

Nevada collected $15 billion in state taxes in 2024, a 5% increase from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Nevada Lt. Govenor Stavros Anthony - ltgov.nv.gov

Property taxes totaled $1.8 billion in Nevada in 2024

Out of the $15 billion in total state taxes collected by Nevada in 2024, $1.8 billion—or 12.1%—came from property taxes, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Silver State Times.