Nevada’s license tax revenue down 17.6% in Q4 compared to same quarter of previous year

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
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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.

This represents a 17.6% decrease from the same quarter the previous year, when license tax revenue was $193 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 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.



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