Iowa collected $298 million in license taxes during the first quarter of 2025, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.
This represents a 2% decrease from the same quarter the previous year, when license tax revenue was $304 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, Iowa collected $2.8 billion in combined tax revenues in Q1.
Q1 Iowa Tax Collections
| Type of Tax | Amount (millions) |
|---|---|
| Sales and Gross Receipts Taxes | $1,501 |
| Income Taxes | $952 |
| License Taxes | $298 |
| Other Taxes | $14 |
| Property Taxes | $1 |
