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Gem State Wire

Sunday, November 17, 2024

Residents and visitors to Idaho paid $6.5 billion in taxes in 2021

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Idaho collected $6.5 billion in taxes in 2021, a 22.5 percent increase from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Most tax revenue came from sales and gross receipts taxes ($3.2 billion) and income taxes ($2.8 billion).

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 the bureau and how much was collected.

2021 Idaho Tax Collections
Type of TaxAmount
Property taxes$0
Sales and gross receipts taxes$3,180,226,000
License taxes$473,872,000
Income taxes$2,809,422,000
Miscellaneous taxes$8,947,000
General sales and gross receipts taxes$2,516,997,000
Selective sales and gross receipts taxes$663,229,000
Alcoholic beverages sales tax$10,980,000
Amusements sales tax$0
Insurance premiums sales tax$118,439,000
Motor fuels sales tax$405,050,000
Pari-mutuels sales tax$1,524,000
Public utilities sales tax$1,961,000
Tobacco products sales tax$48,796,000
Other selective sales and gross receipts taxes$76,479,000
Alcoholic beverages license$1,766,000
Amusements license$241,000
Corporations in general license$5,381,000
Hunting and fishing license$59,845,000
Motor vehicle license$232,064,000
Motor vehicle operators license$12,261,000
Public utilities license$63,214,000
Occupation and business license, NEC$94,829,000
Other license taxes$4,271,000
Individual income taxes$2,457,943,000
Corporations net income taxes$351,479,000
Death and gift taxes$0
Documentarty and stock transfer taxes$0
Severance taxes$5,870,000
Taxes, NEC$3,077,000

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