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Gem State Wire

Friday, November 15, 2024

Residents and visitors to Idaho paid $7.7 billion in taxes in 2022

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Idaho collected $7.7 billion in taxes in 2022, a 19.1 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 income taxes ($3.6 billion) and sales and gross receipts taxes ($3.6 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.

2022 Idaho Tax Collections
Type of TaxAmount
Property taxes$0
Sales and gross receipts taxes$3,594,947,000
License taxes$471,370,000
Income taxes$3,635,505,000
Miscellaneous taxes$8,467,000
General sales and gross receipts taxes$2,904,133,000
Selective sales and gross receipts taxes$690,814,000
Alcoholic beverages sales tax$10,557,000
Amusements sales tax$0
Insurance premiums sales tax$137,183,000
Motor fuels sales tax$412,051,000
Pari-mutuels sales tax$1,447,000
Public utilities sales tax$1,619,000
Tobacco products sales tax$45,499,000
Other selective sales and gross receipts taxes$82,458,000
Alcoholic beverages license$2,279,000
Amusements license$179,000
Corporations in general license$6,128,000
Hunting and fishing license$56,329,000
Motor vehicle license$229,108,000
Motor vehicle operators license$10,526,000
Public utilities license$64,442,000
Occupation and business license, NEC$97,555,000
Other license taxes$4,824,000
Individual income taxes$2,594,552,000
Corporations net income taxes$1,040,953,000
Death and gift taxes$0
Documentarty and stock transfer taxes$0
Severance taxes$5,828,000
Taxes, NEC$2,639,000

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