Rubina Hafeez MBA Chief Economist | Official Website
Rubina Hafeez MBA Chief Economist | Official Website
This represents a 9.2% increase over the previous quarter, when license tax revenue was $1 billion.
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, Illinois collected $19.5 billion in combined tax revenues in Q2.
Q2 Illinois Tax Collections
| Type of Tax | Amount (millions) |
|---|---|
| Income Taxes | $11,201 |
| License Taxes | $1,117 |
| Other Taxes | $178 |
| Property Taxes | $19 |
| Sales and Gross Receipts Taxes | $6,975 |
Source: U.S. Census Bureau
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