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Tuesday, November 5, 2024

Alabama collected 27% more in pari-mutuels sales tax in 2022

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Of the $16.3 billion in taxes collected by Alabama in 2022, $5.2 million came from pari-mutuels sales tax, a 27 percent increase over the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Alabama collected $4.1 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.

Alabama Tax Collections 2022 vs. 2021
Type of Tax2022 amount2021 amount
Corporations in general license$207,653,000$187,666,000
Selective sales and gross receipts taxes$3,211,041,000$3,102,485,000
Motor vehicle operators license$35,999,000$43,783,000
Other license taxes$1,000$1,000
Tobacco products sales tax$156,313,000$170,998,000
Pari-mutuels sales tax$5,221,000$4,112,000
Severance taxes$60,853,000$38,852,000
Motor vehicle license$239,930,000$260,114,000
Motor fuels sales tax$949,982,000$878,038,000
Hunting and fishing license$26,159,000$21,506,000
Insurance premiums sales tax$513,226,000$468,162,000
Occupation and business license, NEC$70,335,000$69,799,000
Public utilities license$12,792,000$19,815,000
Alcoholic beverages license$4,102,000$3,667,000
Individual income taxes$6,089,061,000$4,908,837,000
Public utilities sales tax$702,352,000$663,891,000
Corporations net income taxes$1,463,618,000$1,134,256,000
Alcoholic beverages sales tax$271,442,000$272,021,000
Documentarty and stock transfer taxes$78,057,000$80,496,000
Other selective sales and gross receipts taxes$612,505,000$645,263,000
General sales and gross receipts taxes$4,329,546,000$3,912,037,000
Source: U.S. Census Bureau

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