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Tax Structure

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State Government Tax Collections

Total Taxes

$16,324,900

Property Taxes

$495,753

General Sales and Gross Receipts Taxes

$4,329,546

Total Sales and Gross Receipts Taxes

$7,540,587

Alcoholic Beverage Taxes

$271,442

Insurance Premiums Taxes

$513,226

Motor Fuels Taxes

$949,982

Pari-Mutuels Taxes

$5,221

Public Utilities Taxes

$702,352

Tobacco Products Taxes

$156,313

Other Selective Sales and Gross Receipts Taxes

$612,505

Alcoholic Beverages Licenses

$4,102

General Corporation Licenses

$207,653

Hunting and Fishing Licenses

$26,159

Motor Vehicle Licenses

$239,930

Motor Vehicle Operators Licenses

$35,999

Public Utilities Licenses

$12,792

Occupation and Business Licenses

$70,335

Income Taxes

$7,552,679

Individual Income Taxes

$6,089,061

Corporation Net Income Taxes

$1,463,618

Other Taxes

$138,910

Documentary and Stock Transfer Taxes

$78,057

Severance Taxes

$60,853

Sources:

Federal Reserve Economic Data (FRED)