Illinois ranked 6th for total corporations in general license taxes revenue in the U.S. in 2023

Lt. Governor Juliana Stratton
Lt. Governor Juliana Stratton
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In 2023, Illinois collected $366.2 million in corporations in general license taxes, placing it sixth among all U.S. states, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

This marked a 7.1% increase from the $342 million generated in the previous year.

For comparison, Delaware topped the national rankings in 2023, collecting $2.4 billion in corporations in general license taxes.

The State Government Tax Collections (STC) survey tracks five major tax categories and up to 25 subcategories, gathering data from all 50 state governments and their dependent agencies.

The Census Bureau notes that it defines tax classifications consistently across states, which may differ from how individual states categorize them.

All figures in this article reflect taxes collected by state governments only, based on the STC. They do not include local taxes, such as most property taxes, which make up a significant portion of overall taxes paid by residents.

According to the U.S. Census Bureau, state and local governments collect a wide range of taxes to fund public programs and services. These revenues are typically allocated to areas such as transportation, education, and public safety. In 2024, state tax collections alone amounted to nearly $1.5 trillion nationwide, representing a significant part of overall government operations.

U.S. Corporations in General License Taxes by State in 2023
RankStateAmount
1Delaware$2,390,053,000
2Tennessee$1,650,187,000
3North Carolina$994,828,000
4New Jersey$707,856,000
5Louisiana$443,597,000
6Illinois$366,239,000
7Florida$278,897,000
8Ohio$267,659,000
9Mississippi$255,094,000
10Alabama$218,327,000
11South Carolina$170,146,000
12Texas$157,903,000
13Maryland$140,758,000
14Kentucky$121,489,000
15Nevada$88,697,000
16New Hampshire$88,535,000
17California$83,264,000
18Iowa$82,185,000
19Virginia$81,072,000
20Georgia$59,280,000
21Washington$56,374,000
22Oklahoma$55,213,000
23Arizona$50,836,000
24Oregon$46,684,000
25Arkansas$39,548,000
26Connecticut$36,504,000
27Michigan$36,144,000
28Wisconsin$31,804,000
29Massachusetts$25,925,000
30Wyoming$24,950,000
31Colorado$20,547,000
32Minnesota$16,597,000
33Kansas$15,757,000
34Maine$15,252,000
35Indiana$12,868,000
36South Dakota$8,523,000
37Rhode Island$7,907,000
38Montana$7,008,000
39Nebraska$6,378,000
40Idaho$6,021,000
41Pennsylvania$4,147,000
42Vermont$3,370,000
43Hawaii$2,861,000
44New Mexico$2,678,000
45West Virginia$1,011,000
46New York$420,000
47Utah$266,000
Information in this story was obtained from the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC). The source data can be found here.



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