Colorado’s license tax revenue up 15.6% in Q2 compared to previous quarter

Heidi Humphreys, Executive Director
Heidi Humphreys, Executive Director - Colorado Department of Revenue
0Comments

Colorado collected $207 million in license taxes during the second quarter of 2025, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

This represents a 15.6% increase over the previous quarter, when license tax revenue was $179 million.

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 that it sets the tax classifications among the survey categories, and they may differ from the classifications set by state governments.

Overall, Colorado collected $6 billion in combined tax revenues in Q2.

Q2 Colorado Tax Collections
Type of Tax Amount (millions)
Income Taxes $3,630
Sales and Gross Receipts Taxes $2,080
License Taxes $207
Other Taxes $67

Information in this article was obtained from the U.S. Census Bureau. The source data can be found here.



Related

Morgan Ackley, VA Director of Media Affairs

VA home loan amount averages $503,394 in Colorado for Q4 2025

The average VA home loan amount in Colorado during the fourth quarter of the fiscal year 2025 was $503,394, according to the Veterans Affairs Home Loans Index.

J. Bishop Grewell, Acting United States Attorney

Two receive lengthy sentences after pleading guilty in fatal fentanyl distribution cases

Thomas Galiano III and Hailee Anne Helton, both 26 and from Colorado Springs, have been sentenced for their roles in distributing fentanyl that led to two deaths.

Jared Polis, Governor of Colorado

Colorado ranked 21st for total insurance premiums taxes revenue in the U.S. in 2024

Colorado collected $547.6 million in insurance premiums sales taxes in 2024, an increase of 2.6% from the previous year.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Centennial State News.