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Saturday, November 16, 2024

Louisiana collected 3.2% less in pari-mutuels sales tax in 2020

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Of the $11.4 billion in taxes collected by Louisiana in 2020, $5.2 million came from pari-mutuels sales tax, a 3.2 percent decrease from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Louisiana collected $5.4 million in pari-mutuels sales tax in 2019.

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.

Louisiana Tax Collections 2020 vs. 2019
Type of Tax2020 amount2019 amount
Corporations in general license$184,652,000$195,847,000
Pari-mutuels sales tax$5,242,000$5,415,000
Public utilities license$7,315,000$7,688,000
Occupation and business license, NEC$108,312,000$107,246,000
Individual income taxes$3,916,190,000$3,833,235,000
Tobacco products sales tax$160,097,000$161,018,000
Motor vehicle license$76,104,000$78,817,000
Amusements sales tax$573,393,000$698,208,000
Corporations net income taxes$450,449,000$495,388,000
Alcoholic beverages sales tax$77,102,000$75,773,000
Motor fuels sales tax$611,027,000$665,311,000
Public utilities sales tax$10,274,000$9,444,000
General sales and gross receipts taxes$3,571,559,000$3,739,549,000
Hunting and fishing license$30,774,000$30,012,000
Other license taxes$4,640,000$4,545,000
Selective sales and gross receipts taxes$2,488,126,000$2,660,890,000
Insurance premiums sales tax$933,593,000$900,921,000
Motor vehicle operators license$5,389,000$14,340,000
Severance taxes$447,026,000$505,002,000
Other selective sales and gross receipts taxes$117,398,000$144,800,000
Source: U.S. Census Bureau

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