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Friday, November 22, 2024

Hawaii collects $95 million in license tax revenue in Q1

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Gary S. Suganuma Tax Commissioner at Hawaii Department of Taxation | Hawaii Department of Taxation

Gary S. Suganuma Tax Commissioner at Hawaii Department of Taxation | Hawaii Department of Taxation

Hawaii collected $95 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.

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 $2.5 billion in combined tax revenues in Q1.

Q1 Hawaii Tax Collections

Type of TaxAmount (millions)
Income Taxes$733
License Taxes$95
Other Taxes$38
Sales and Gross Receipts Taxes$1,656

Source: U.S. Census Bureau

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