Taxes News
Virginia's license tax revenue down 5.1% in Q2 compared to same quarter of the previous year
Virginia collected $315 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 Virginia during Q2
The second quarter of 2024 brought in $5.6 billion in individual income tax revenue for Virginia, a 33.5% increase from the first quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.