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Thursday, December 26, 2024

Idaho collected 10.6% more in pari-mutuels sales tax in 2020

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Of the $5.3 billion in taxes collected by Idaho in 2020, $1.1 million came from pari-mutuels sales tax, a 10.6 percent increase over the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Idaho collected $971,000 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.

Idaho Tax Collections 2020 vs. 2019
Type of Tax2020 amount2019 amount
Public utilities sales tax$2,066,000$2,371,000
Amusements license$218,000$222,000
General sales and gross receipts taxes$2,099,543,000$1,908,887,000
Insurance premiums sales tax$112,342,000$105,731,000
Other license taxes$3,943,000$3,929,000
Hunting and fishing license$56,404,000$49,447,000
Alcoholic beverages license$1,739,000$1,716,000
Selective sales and gross receipts taxes$615,285,000$611,377,000
Motor vehicle operators license$11,325,000$10,892,000
Other selective sales and gross receipts taxes$64,530,000$65,106,000
Corporations in general license$4,182,000$3,447,000
Taxes, NEC$2,730,000$3,052,000
Severance taxes$5,781,000$5,633,000
Occupation and business license, NEC$56,451,000$52,942,000
Individual income taxes$1,913,459,000$1,668,776,000
Pari-mutuels sales tax$1,074,000$971,000
Public utilities license$62,471,000$59,279,000
Tobacco products sales tax$49,464,000$50,300,000
Motor vehicle license$203,051,000$205,568,000
Corporations net income taxes$245,969,000$284,961,000
Alcoholic beverages sales tax$10,277,000$9,957,000
Motor fuels sales tax$375,532,000$376,941,000
Source: U.S. Census Bureau

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