Taxes News
Michigan's license tax revenue down 2.6% in Q2 compared to same quarter of the previous year
Michigan collected $573 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 Michigan during Q2
The second quarter of 2024 brought in $3.1 billion in individual income tax revenue for Michigan, a 97.6% increase from the first quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.