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Tax Structure

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State Government Tax Collections

Total Taxes

$16,895,681

Property Taxes

$620,698

General Sales and Gross Receipts Taxes

$4,592,131

Total Sales and Gross Receipts Taxes

$8,106,236

Alcoholic Beverage Taxes

$283,550

Insurance Premiums Taxes

$612,835

Motor Fuels Taxes

$997,040

Pari-Mutuels Taxes

$5,221

Public Utilities Taxes

$772,759

Tobacco Products Taxes

$131,809

Other Selective Sales and Gross Receipts Taxes

$704,845

Alcoholic Beverages Licenses

$4,607

General Corporation Licenses

$219,000

Hunting and Fishing Licenses

$25,415

Motor Vehicle Licenses

$229,889

Motor Vehicle Operators Licenses

$47,865

Public Utilities Licenses

$14,694

Occupation and Business Licenses

$71,069

Income Taxes

$7,463,209

Individual Income Taxes

$5,281,413

Corporation Net Income Taxes

$2,181,796

Other Taxes

$92,998

Documentary and Stock Transfer Taxes

$54,661

Severance Taxes

$38,337

Sources:

Federal Reserve Economic Data (FRED)