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Friday, November 15, 2024

Idaho collected 5.1% less in pari-mutuels sales tax in 2022

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Of the $7.7 billion in taxes collected by Idaho in 2022, $1.4 million came from pari-mutuels sales tax, a 5.1 percent decrease from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Idaho collected $1.5 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.

Idaho Tax Collections 2022 vs. 2021
Type of Tax2022 amount2021 amount
Pari-mutuels sales tax$1,447,000$1,524,000
Corporations net income taxes$1,040,953,000$351,479,000
Motor vehicle operators license$10,526,000$12,261,000
Selective sales and gross receipts taxes$690,814,000$663,229,000
Tobacco products sales tax$45,499,000$48,796,000
Other license taxes$4,824,000$4,271,000
Motor vehicle license$229,108,000$232,064,000
Motor fuels sales tax$412,051,000$405,050,000
Occupation and business license, NEC$97,555,000$94,829,000
Amusements license$179,000$241,000
Public utilities sales tax$1,619,000$1,961,000
Individual income taxes$2,594,552,000$2,457,943,000
Hunting and fishing license$56,329,000$59,845,000
Public utilities license$64,442,000$63,214,000
Alcoholic beverages license$2,279,000$1,766,000
Insurance premiums sales tax$137,183,000$118,439,000
General sales and gross receipts taxes$2,904,133,000$2,516,997,000
Alcoholic beverages sales tax$10,557,000$10,980,000
Severance taxes$5,828,000$5,870,000
Taxes, NEC$2,639,000$3,077,000
Other selective sales and gross receipts taxes$82,458,000$76,479,000
Corporations in general license$6,128,000$5,381,000
Source: U.S. Census Bureau

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