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Hawkeye Reporter

Wednesday, November 6, 2024

Iowa collected 2% more in pari-mutuels sales tax in 2022

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Of the $12.9 billion in taxes collected by Iowa in 2022, $3.9 million came from pari-mutuels sales tax, a 2 percent increase over the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Iowa collected $3.9 million in pari-mutuels sales tax in 2021.

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 2022 vs. 2021
Type of Tax2022 amount2021 amount
Alcoholic beverages license$22,017,000$18,664,000
Insurance premiums sales tax$152,546,000$143,752,000
General sales and gross receipts taxes$4,235,827,000$4,002,493,000
Alcoholic beverages sales tax$22,218,000$29,798,000
Other selective sales and gross receipts taxes$55,993,000$49,883,000
Corporations in general license$79,982,000$64,639,000
Pari-mutuels sales tax$3,947,000$3,870,000
Amusements sales tax$373,500,000$339,345,000
Corporations net income taxes$860,164,000$793,641,000
Motor vehicle operators license$17,039,000$21,978,000
Selective sales and gross receipts taxes$1,571,272,000$1,519,624,000
Tobacco products sales tax$190,402,000$200,579,000
Motor vehicle license$770,930,000$760,540,000
Documentarty and stock transfer taxes$38,021,000$30,598,000
Motor fuels sales tax$701,213,000$673,571,000
Other license taxes$6,872,000$1,011,000
Public utilities sales tax$71,453,000$78,826,000
Occupation and business license, NEC$162,295,000$160,355,000
Amusements license$28,780,000$27,920,000
Public utilities license$11,841,000$10,791,000
Death and gift taxes$91,826,000$100,141,000
Individual income taxes$4,974,623,000$4,266,534,000
Hunting and fishing license$35,356,000$35,549,000
Source: U.S. Census Bureau

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