Quantcast

Yellowhammer Times

Sunday, December 22, 2024

Alabama collected 86.6% more in pari-mutuels sales tax in 2021

Adobestock 296341019

Adobe Stock

Adobe Stock

Of the $14.3 billion in taxes collected by Alabama in 2021, $4.1 million came from pari-mutuels sales tax, an 86.6 percent increase over the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Alabama collected $2.2 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.

Alabama Tax Collections 2021 vs. 2020
Type of Tax2021 amount2020 amount
General sales and gross receipts taxes$3,912,037,000$2,980,152,000
Documentarty and stock transfer taxes$80,496,000$60,391,000
Public utilities sales tax$663,891,000$685,575,000
Occupation and business license, NEC$69,799,000$67,867,000
Alcoholic beverages license$3,667,000$7,411,000
Motor fuels sales tax$878,038,000$774,990,000
Selective sales and gross receipts taxes$3,102,485,000$2,923,709,000
Corporations in general license$187,666,000$172,986,000
Other selective sales and gross receipts taxes$645,263,000$617,743,000
Individual income taxes$4,908,837,000$4,274,052,000
Corporations net income taxes$1,134,256,000$754,272,000
Severance taxes$38,852,000$33,403,000
Public utilities license$19,815,000$19,464,000
Motor vehicle license$260,114,000$240,137,000
Tobacco products sales tax$170,998,000$173,628,000
Insurance premiums sales tax$468,162,000$427,848,000
Hunting and fishing license$21,506,000$20,402,000
Other license taxes$1,000$1,000
Pari-mutuels sales tax$4,112,000$2,204,000
Motor vehicle operators license$43,783,000$45,048,000
Alcoholic beverages sales tax$272,021,000$241,721,000
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