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Prairie State Wire

Thursday, November 14, 2024

Illinois ranks seventh in the U.S. for the most corporations in general license paid in 2022

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In 2022, Illinois collected $342,853,000 in corporations in general license, ranking it seventh in the United States, according to the U.S. Census Bureau's Annual Survey of State Government Tax Collections (STC).

The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.

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.

Below is a breakdown of how taxes were classified by the bureau and how much was collected.

U.S. corporations in general license by State in 2022
RankStateAmount
1Delaware$2,210,216,000
2Tennessee$1,535,207,000
3Oregon$1,262,333,000
4North Carolina$1,012,322,000
5New Jersey$719,362,000
6Louisiana$389,642,000
7Illinois$342,853,000
8Florida$278,526,000
9Texas$276,856,000
10Ohio$234,925,000
11Mississippi$220,789,000
12Alabama$207,653,000
13South Carolina$163,072,000
14Maryland$140,820,000
15Kentucky$121,266,000
16Nevada$92,114,000
17California$91,871,000
18New Hampshire$84,348,000
19Iowa$79,982,000
20Virginia$78,259,000
21Oklahoma$62,716,000
22Georgia$55,673,000
23Washington$54,390,000
24New Mexico$50,255,000
25Arkansas$42,395,000
26Connecticut$36,591,000
27Michigan$34,998,000
28Wisconsin$29,726,000
29Massachusetts$28,332,000
30Colorado$24,014,000
31Wyoming$21,559,000
32Arizona$20,463,000
33Minnesota$16,259,000
34Kansas$14,870,000
35Nebraska$14,009,000
36Maine$13,011,000
37Indiana$11,747,000
38Rhode Island$8,873,000
39South Dakota$8,059,000
40Montana$7,694,000
41Idaho$6,128,000
42Vermont$3,292,000
43Pennsylvania$2,984,000
44Hawaii$2,415,000
45West Virginia$1,079,000
46Utah$423,000
47New York$219,000
Source: U.S. Census Bureau

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