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Most tax revenue came from sales and gross receipts taxes ($5 billion) and income taxes ($4.6 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.
2020 Iowa Tax Collections
| Type of Tax | Amount |
|---|---|
| Property taxes | $1,815,000 |
| Sales and gross receipts taxes | $4,958,143,000 |
| License taxes | $1,021,357,000 |
| Income taxes | $4,580,513,000 |
| Miscellaneous taxes | $99,609,000 |
| General sales and gross receipts taxes | $3,546,984,000 |
| Selective sales and gross receipts taxes | $1,411,159,000 |
| Alcoholic beverages sales tax | $15,505,000 |
| Amusements sales tax | $241,736,000 |
| Insurance premiums sales tax | $143,407,000 |
| Motor fuels sales tax | $670,179,000 |
| Pari-mutuels sales tax | $3,058,000 |
| Public utilities sales tax | $71,987,000 |
| Tobacco products sales tax | $211,564,000 |
| Other selective sales and gross receipts taxes | $53,723,000 |
| Alcoholic beverages license | $17,525,000 |
| Amusements license | $28,064,000 |
| Corporations in general license | $75,484,000 |
| Hunting and fishing license | $35,439,000 |
| Motor vehicle license | $698,847,000 |
| Motor vehicle operators license | $13,726,000 |
| Public utilities license | $11,062,000 |
| Occupation and business license, NEC | $138,016,000 |
| Other license taxes | $3,194,000 |
| Individual income taxes | $3,960,027,000 |
| Corporations net income taxes | $620,486,000 |
| Death and gift taxes | $76,275,000 |
| Documentarty and stock transfer taxes | $23,334,000 |
| Severance taxes | $0 |
| Taxes, NEC | $0 |
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