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Tax Structure

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State Government Tax Collections

Total Taxes

$16,713,126

Property Taxes

$553,812

General Sales and Gross Receipts Taxes

$4,607,610

Total Sales and Gross Receipts Taxes

$7,952,183

Alcoholic Beverage Taxes

$282,537

Insurance Premiums Taxes

$563,244

Motor Fuels Taxes

$964,519

Pari-Mutuels Taxes

$5,221

Public Utilities Taxes

$757,179

Tobacco Products Taxes

$145,230

Other Selective Sales and Gross Receipts Taxes

$623,606

Alcoholic Beverages Licenses

$4,396

General Corporation Licenses

$218,327

Hunting and Fishing Licenses

$24,943

Motor Vehicle Licenses

$244,420

Motor Vehicle Operators Licenses

$46,703

Public Utilities Licenses

$15,158

Occupation and Business Licenses

$70,795

Income Taxes

$7,470,605

Individual Income Taxes

$5,910,871

Corporation Net Income Taxes

$1,559,734

Other Taxes

$111,783

Documentary and Stock Transfer Taxes

$57,424

Severance Taxes

$54,359

Sources:

Federal Reserve Economic Data (FRED)