Taxes News
Minnesota's license tax revenue up 14.3% in Q2 compared to same quarter of the previous year
Minnesota collected $455 million in license taxes during the second quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
Higher individual income tax revenue in Minnesota during Q2
The second quarter of 2024 brought in $4.3 billion in individual income tax revenue for Minnesota, a 60.4% increase from the first quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.