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This is a 2.5 percent increase over the same quarter of the previous year when license tax revenue was $160 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 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, Colorado collected $3.6 billion in combined tax revenues during the first quarter of 2021.
Q1 Colorado Tax Collections
| Type of Tax | Amount (in millions of dollars) |
|---|---|
| License Taxes | $164 |
| Income Taxes | $2,236 |
| Other Taxes | -$24 |
| Sales and Gross Receipts Taxes | $1,270 |
Source: U.S. Census Bureau
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