Quantcast

Silver State Times

Wednesday, December 4, 2024

Nevada's license tax revenue down 11.4% in Q1 compared to previous quarter

Webp 2t637713ovjb8b9rsxh71jcfwolb

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

Nevada collected $171 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.

This represents an 11.4% decrease from the previous quarter, 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 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, Nevada collected $3.8 billion in combined tax revenues in Q1.

Q1 Nevada Tax Collections

Type of TaxAmount (millions)
License Taxes$171
Other Taxes$223
Property Taxes$558
Sales and Gross Receipts Taxes$2,789

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