Rhode Island collects $59 million in license tax revenue in Q1

Rhode Island Division of Taxation - Thomas Verdi Director of Department of Revenue - Rhode Island Division of Taxation
Rhode Island Division of Taxation - Thomas Verdi Director of Department of Revenue - Rhode Island Division of Taxation
0Comments

Rhode Island collected $59 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.

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, Rhode Island collected $1.2 billion in combined tax revenues in Q1.

Q1 Rhode Island Tax Collections
Type of Tax Amount (millions)
Sales and Gross Receipts Taxes $593
Income Taxes $490
License Taxes $59
Other Taxes $25
Property Taxes $0

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



Related

Sabina Matos, Lieutenant Governor of Rhode Island - www.facebook.com

2024: Rhode Island among top states for amusements sales taxes paid, ranking 8th

Rhode Island collected $407.5 million in amusements sales taxes in 2024, an increase of 0.2% from the previous year.

Ronald Walters, Acting Under Secretary for Memorial Affairs - Official Website

VA provides 42.4% more home purchase loans in Rhode Island in Q4 2025

There were 178 VA home purchases in Rhode Island in the fourth quarter of the VA’s fiscal year 2025, totaling $92.3 million in loans, according to figures provided by the Veterans Affairs Home Loans Index.

North Carolina Governor Roy Cooper (2023) - facebook.com/roycoopernc/

Rhode Island collected 0.2% more in taxes on amusements sales taxes in 2024 than in previous year

Out of the $5.3 billion in total tax revenue collected by Rhode Island in 2024, $407.5 million came from amusements sales taxes, representing an increase from the previous year, when the total was $406.8 million, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Ocean State Today.