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Hawkeye Reporter

Wednesday, November 6, 2024

Residents and visitors to Iowa paid $12.9 billion in taxes in 2022

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Iowa collected $12.9 billion in taxes in 2022, a 9.2 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 income taxes ($5.8 billion) and sales and gross receipts taxes ($5.8 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.

2022 Iowa Tax Collections
Type of TaxAmount
Property taxes$2,110,000
Sales and gross receipts taxes$5,807,099,000
License taxes$1,135,112,000
Income taxes$5,834,787,000
Miscellaneous taxes$129,847,000
General sales and gross receipts taxes$4,235,827,000
Selective sales and gross receipts taxes$1,571,272,000
Alcoholic beverages sales tax$22,218,000
Amusements sales tax$373,500,000
Insurance premiums sales tax$152,546,000
Motor fuels sales tax$701,213,000
Pari-mutuels sales tax$3,947,000
Public utilities sales tax$71,453,000
Tobacco products sales tax$190,402,000
Other selective sales and gross receipts taxes$55,993,000
Alcoholic beverages license$22,017,000
Amusements license$28,780,000
Corporations in general license$79,982,000
Hunting and fishing license$35,356,000
Motor vehicle license$770,930,000
Motor vehicle operators license$17,039,000
Public utilities license$11,841,000
Occupation and business license, NEC$162,295,000
Other license taxes$6,872,000
Individual income taxes$4,974,623,000
Corporations net income taxes$860,164,000
Death and gift taxes$91,826,000
Documentarty and stock transfer taxes$38,021,000
Severance taxes$0
Taxes, NEC$0

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