August 3, 2026 By Business DailyIn 2024, Massachusetts generated $43.1 billion in state tax revenue, of which $1.4 billion, or 3.3%, was derived from license taxes, according to the U.S. Census Bureau's Annual Survey of State Government Tax Collections (STC). 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. They do not include local taxes, such as most property taxes, which make up a significant portion of overall taxes paid by residents. In 2024, state tax collections alone amounted to nearly $1.5 trillion nationwide, representing a significant part of overall government operations. 2024 Massachusetts Tax CollectionsType of Tax Amount Income taxes $28,425,442,000 Individual income taxes $22,134,838,000 Sales and gross receipts taxes $12,302,201,000 General sales and gross receipts taxes $9,396,274,000 Corporation net income taxes $6,290,604,000 Selective sales and gross receipts taxes $2,905,927,000 License taxes $1,417,438,000 Other taxes $920,475,000 Motor fuels sales taxes $713,227,000 Insurance premiums sales taxes $692,021,000 Other selective sales and gross receipts taxes $614,170,000 Estate and gift taxes $574,198,000 Occupation and businesses license taxes $470,134,000 Motor vehicle license taxes $464,574,000 Documentary and stock transfer taxes $346,277,000 Tobacco products sales taxes $339,557,000 Amusements sales taxes $323,071,000 Other license taxes $314,075,000 Sports betting taxes $121,310,000 Motor vehicle operators license taxes $113,149,000 Alcoholic beverages sales taxes $98,421,000 Corporations in general license taxes $28,577,000 Property taxes $15,416,000 Amusements license taxes $14,822,000 Hunting and fishing license taxes $7,694,000 Alcoholic beverages license taxes $4,413,000 Public utilities sales taxes $4,150,000 Other taxes, NEC $0Information in this story was obtained from the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).