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Saturday, November 16, 2024

Idaho collected 41.9% more in pari-mutuels sales tax in 2021

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Of the $6.5 billion in taxes collected by Idaho in 2021, $1.5 million came from pari-mutuels sales tax, a 41.9 percent increase over the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Idaho collected $1.1 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.

Idaho Tax Collections 2021 vs. 2020
Type of Tax2021 amount2020 amount
Taxes, NEC$3,077,000$2,730,000
Alcoholic beverages license$1,766,000$1,739,000
Severance taxes$5,870,000$5,781,000
Occupation and business license, NEC$94,829,000$56,451,000
Individual income taxes$2,457,943,000$1,913,459,000
Corporations in general license$5,381,000$4,182,000
Motor fuels sales tax$405,050,000$375,532,000
Selective sales and gross receipts taxes$663,229,000$615,285,000
Public utilities license$63,214,000$62,471,000
Other selective sales and gross receipts taxes$76,479,000$64,530,000
Corporations net income taxes$351,479,000$245,969,000
Insurance premiums sales tax$118,439,000$112,342,000
Pari-mutuels sales tax$1,524,000$1,074,000
Motor vehicle license$232,064,000$203,051,000
Tobacco products sales tax$48,796,000$49,464,000
Other license taxes$4,271,000$3,943,000
Motor vehicle operators license$12,261,000$11,325,000
General sales and gross receipts taxes$2,516,997,000$2,099,543,000
Amusements license$241,000$218,000
Public utilities sales tax$1,961,000$2,066,000
Hunting and fishing license$59,845,000$56,404,000
Alcoholic beverages sales tax$10,980,000$10,277,000
Source: U.S. Census Bureau

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