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Hawkeye Reporter

Tuesday, December 24, 2024

Residents and visitors to Iowa paid $11.8 billion in taxes in 2021

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Iowa collected $11.8 billion in taxes in 2021, a 10.8 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 sales and gross receipts taxes ($5.5 billion) and income taxes ($5.1 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.

2021 Iowa Tax Collections
Type of TaxAmount
Property taxes$2,024,000
Sales and gross receipts taxes$5,522,117,000
License taxes$1,101,447,000
Income taxes$5,060,175,000
Miscellaneous taxes$130,739,000
General sales and gross receipts taxes$4,002,493,000
Selective sales and gross receipts taxes$1,519,624,000
Alcoholic beverages sales tax$29,798,000
Amusements sales tax$339,345,000
Insurance premiums sales tax$143,752,000
Motor fuels sales tax$673,571,000
Pari-mutuels sales tax$3,870,000
Public utilities sales tax$78,826,000
Tobacco products sales tax$200,579,000
Other selective sales and gross receipts taxes$49,883,000
Alcoholic beverages license$18,664,000
Amusements license$27,920,000
Corporations in general license$64,639,000
Hunting and fishing license$35,549,000
Motor vehicle license$760,540,000
Motor vehicle operators license$21,978,000
Public utilities license$10,791,000
Occupation and business license, NEC$160,355,000
Other license taxes$1,011,000
Individual income taxes$4,266,534,000
Corporations net income taxes$793,641,000
Death and gift taxes$100,141,000
Documentarty and stock transfer taxes$30,598,000
Severance taxes$0
Taxes, NEC$0

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