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Tuesday, November 5, 2024

Indiana collected 6.7% more in pari-mutuels sales tax in 2022

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Of the $29.3 billion in taxes collected by Indiana in 2022, $1.7 million came from pari-mutuels sales tax, a 6.7 percent increase over the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Indiana collected $1.6 million in pari-mutuels sales tax in 2021.

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 2022 vs. 2021
Type of Tax2022 amount2021 amount
Severance taxes$1,483,000$768,000
Alcoholic beverages sales tax$53,718,000$58,542,000
Other selective sales and gross receipts taxes$1,392,536,000$1,497,997,000
Corporations in general license$11,747,000$11,810,000
Pari-mutuels sales tax$1,696,000$1,589,000
Amusements sales tax$722,972,000$608,043,000
Corporations net income taxes$1,539,543,000$1,385,158,000
Motor vehicle operators license$270,819,000$278,503,000
Selective sales and gross receipts taxes$4,692,622,000$4,564,816,000
Tobacco products sales tax$387,364,000$410,363,000
Motor vehicle license$356,767,000$351,739,000
Motor fuels sales tax$1,658,104,000$1,545,597,000
Other license taxes$106,900,000$86,400,000
Public utilities sales tax$218,703,000$207,932,000
Occupation and business license, NEC$62,918,000$47,155,000
Amusements license$8,140,000$5,925,000
Death and gift taxes$25,000$289,000
Individual income taxes$11,749,037,000$10,578,929,000
Hunting and fishing license$21,961,000$21,565,000
Alcoholic beverages license$32,131,000$16,012,000
Insurance premiums sales tax$257,529,000$234,753,000
General sales and gross receipts taxes$10,388,976,000$9,282,907,000
Source: U.S. Census Bureau

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