Quantcast

Hoosier State Today

Tuesday, November 5, 2024

Indiana collected 4.2% less in pari-mutuels sales tax in 2021

Adobestock 292792148

Adobe Stock

Adobe Stock

Of the $26.6 billion in taxes collected by Indiana in 2021, $1.6 million came from pari-mutuels sales tax, a 4.2 percent decrease from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Indiana collected $1.7 million in pari-mutuels sales tax in 2020.

The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.

The Census Bureau sets the tax classifications among the survey categories and cautions they may differ from the classifications set by the state governments.

Below is a breakdown of how taxes were classified by subcategory and how much was collected.

Indiana Tax Collections 2021 vs. 2020
Type of Tax2021 amount2020 amount
Motor vehicle operators license$278,503,000$261,793,000
General sales and gross receipts taxes$9,282,907,000$8,233,400,000
Amusements license$5,925,000$5,442,000
Public utilities sales tax$207,932,000$187,813,000
Hunting and fishing license$21,565,000$20,208,000
Alcoholic beverages sales tax$58,542,000$52,895,000
Death and gift taxes$289,000$139,000
Severance taxes$768,000$852,000
Alcoholic beverages license$16,012,000$13,694,000
Amusements sales tax$608,043,000$427,194,000
Occupation and business license, NEC$47,155,000$37,700,000
Individual income taxes$10,578,929,000$8,303,278,000
Corporations in general license$11,810,000$9,112,000
Motor fuels sales tax$1,545,597,000$1,449,018,000
Selective sales and gross receipts taxes$4,564,816,000$4,273,135,000
Other selective sales and gross receipts taxes$1,497,997,000$1,496,850,000
Corporations net income taxes$1,385,158,000$756,866,000
Insurance premiums sales tax$234,753,000$248,491,000
Pari-mutuels sales tax$1,589,000$1,659,000
Motor vehicle license$351,739,000$366,896,000
Tobacco products sales tax$410,363,000$409,215,000
Other license taxes$86,400,000$77,700,000
Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS