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Sunday, December 22, 2024

Alabama collected 69.8% more in pari-mutuels sales tax in 2020

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Of the $12 billion in taxes collected by Alabama in 2020, $2.2 million came from pari-mutuels sales tax, a 69.8 percent increase over the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Alabama collected $1.3 million in pari-mutuels sales tax in 2019.

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.

Alabama Tax Collections 2020 vs. 2019
Type of Tax2020 amount2019 amount
Insurance premiums sales tax$427,848,000$403,868,000
Other license taxes$1,000$1,000
Selective sales and gross receipts taxes$2,923,709,000$2,713,061,000
Alcoholic beverages license$7,411,000$3,994,000
General sales and gross receipts taxes$2,980,152,000$2,912,839,000
Public utilities sales tax$685,575,000$699,664,000
Motor vehicle operators license$45,048,000$41,101,000
Other selective sales and gross receipts taxes$617,743,000$609,993,000
Documentarty and stock transfer taxes$60,391,000$47,988,000
Corporations in general license$172,986,000$161,298,000
Occupation and business license, NEC$67,867,000$72,738,000
Tobacco products sales tax$173,628,000$174,293,000
Individual income taxes$4,274,052,000$4,194,844,000
Corporations net income taxes$754,272,000$684,296,000
Motor vehicle license$240,137,000$241,157,000
Pari-mutuels sales tax$2,204,000$1,298,000
Severance taxes$33,403,000$51,752,000
Alcoholic beverages sales tax$241,721,000$218,083,000
Hunting and fishing license$20,402,000$23,599,000
Motor fuels sales tax$774,990,000$605,862,000
Public utilities license$19,464,000$12,078,000
Source: U.S. Census Bureau

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