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Friday, December 27, 2024

Hawaii reports $73 million in license tax revenue in Q2

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Hawaii collected $73 million in license taxes during the second quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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, Hawaii collected $2.6 billion in combined tax revenues during the second quarter of 2021.

Q2 Hawaii Tax Collections

Type of TaxAmount (in millions of dollars)
License Taxes$73
Income Taxes$1,294
Other Taxes$14
Sales and Gross Receipts Taxes$1,236

Source: U.S. Census Bureau

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