Michigan placed 13th in U.S. ranking for corporation net income taxes collected in 2023

Michigan Lt. Governor Garlin Gilchrist II
Michigan Lt. Governor Garlin Gilchrist II
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In 2023, Michigan collected $3.2 billion in corporation net income taxes, placing it 13th among all U.S. states, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

This marked a 3% decrease from the $3.3 billion generated in the previous year.

For comparison, California topped the national rankings in 2023, collecting $29.9 billion in corporation net income taxes.

The State Government Tax Collections (STC) survey tracks five major tax categories and up to 25 subcategories, gathering data from all 50 state governments and their dependent agencies.

The Census Bureau notes that it defines tax classifications consistently across states, which may differ from how individual states categorize them.

All figures in this article reflect taxes collected by state governments only, based on the STC. They do not include local taxes, such as most property taxes, which make up a significant portion of overall taxes paid by residents.

According to the U.S. Census Bureau, state and local governments collect a wide range of taxes to fund public programs and services. These revenues are typically allocated to areas such as transportation, education, and public safety. In 2024, state tax collections alone amounted to nearly $1.5 trillion nationwide, representing a significant part of overall government operations.

U.S. Corporation Net Income Taxes by State in 2023
RankStateAmount
1California$29,936,654,000
2New York$24,316,578,000
3Illinois$13,397,965,000
4New Jersey$8,696,043,000
5Massachusetts$6,726,019,000
6Pennsylvania$5,708,628,000
7Florida$5,522,370,000
8Minnesota$5,388,169,000
9Maryland$4,377,258,000
10Virginia$4,369,396,000
11Georgia$3,807,573,000
12Connecticut$3,293,551,000
13Michigan$3,185,992,000
14Tennessee$3,156,401,000
15Wisconsin$2,667,937,000
16Colorado$2,342,073,000
17Alabama$2,158,063,000
18Arizona$1,806,337,000
19North Carolina$1,640,070,000
20Oregon$1,618,518,000
21Kansas$1,561,519,000
22Utah$1,443,235,000
23South Carolina$1,356,927,000
24New Hampshire$1,271,550,000
25Indiana$1,230,591,000
26Louisiana$1,223,914,000
27Kentucky$1,210,388,000
28Arkansas$1,055,274,000
29Idaho$1,034,310,000
30Missouri$911,344,000
31Iowa$838,062,000
32Mississippi$818,031,000
33Oklahoma$774,802,000
34Nebraska$692,965,000
35Delaware$571,185,000
36Maine$451,211,000
37New Mexico$444,335,000
38Alaska$444,240,000
39West Virginia$419,965,000
40Hawaii$347,800,000
41North Dakota$324,144,000
42Montana$307,950,000
43Vermont$299,607,000
44Rhode Island$262,600,000
45South Dakota$48,070,000
46Ohio$251,000
Information in this story was obtained from the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC). The source data can be found here.



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