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Tax Structure

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State Government Tax Collections

Total Taxes

$17,673,064

Property Taxes

$653,667

General Sales and Gross Receipts Taxes

$4,815,252

Total Sales and Gross Receipts Taxes

$8,363,411

Alcoholic Beverage Taxes

$280,517

Insurance Premiums Taxes

$661,752

Motor Fuels Taxes

$994,748

Pari-Mutuels Taxes

$5,221

Public Utilities Taxes

$780,182

Tobacco Products Taxes

$124,364

Other Selective Sales and Gross Receipts Taxes

$688,381

Alcoholic Beverages Licenses

$4,853

General Corporation Licenses

$204,893

Hunting and Fishing Licenses

$25,523

Motor Vehicle Licenses

$258,156

Motor Vehicle Operators Licenses

$53,786

Public Utilities Licenses

$15,517

Occupation and Business Licenses

$71,270

Income Taxes

$7,923,704

Individual Income Taxes

$5,799,729

Corporation Net Income Taxes

$2,123,975

Other Taxes

$98,283

Documentary and Stock Transfer Taxes

$62,154

Severance Taxes

$36,129

Sources:

Federal Reserve Economic Data (FRED)