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Sunday, December 22, 2024

Iowa collected 26.6% more in pari-mutuels sales tax in 2021

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Of the $11.8 billion in taxes collected by Iowa in 2021, $3.9 million came from pari-mutuels sales tax, a 26.6 percent increase over the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Iowa collected $3.1 million in pari-mutuels sales tax in 2020.

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.

Iowa Tax Collections 2021 vs. 2020
Type of Tax2021 amount2020 amount
Other license taxes$1,011,000$3,194,000
Motor vehicle operators license$21,978,000$13,726,000
General sales and gross receipts taxes$4,002,493,000$3,546,984,000
Amusements license$27,920,000$28,064,000
Public utilities sales tax$78,826,000$71,987,000
Hunting and fishing license$35,549,000$35,439,000
Alcoholic beverages sales tax$29,798,000$15,505,000
Death and gift taxes$100,141,000$76,275,000
Alcoholic beverages license$18,664,000$17,525,000
Amusements sales tax$339,345,000$241,736,000
Occupation and business license, NEC$160,355,000$138,016,000
Individual income taxes$4,266,534,000$3,960,027,000
Public utilities license$10,791,000$11,062,000
Corporations in general license$64,639,000$75,484,000
Motor fuels sales tax$673,571,000$670,179,000
Selective sales and gross receipts taxes$1,519,624,000$1,411,159,000
Other selective sales and gross receipts taxes$49,883,000$53,723,000
Corporations net income taxes$793,641,000$620,486,000
Documentarty and stock transfer taxes$30,598,000$23,334,000
Insurance premiums sales tax$143,752,000$143,407,000
Pari-mutuels sales tax$3,870,000$3,058,000
Motor vehicle license$760,540,000$698,847,000
Tobacco products sales tax$200,579,000$211,564,000
Source: U.S. Census Bureau

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