Quantcast

Pelican State News

Sunday, November 24, 2024

Louisiana collected 3.5% more in pari-mutuels sales tax in 2022

Adobestock 226444001

Adobe Stock

Adobe Stock

Of the $14.5 billion in taxes collected by Louisiana in 2022, $5.7 million came from pari-mutuels sales tax, a 3.5 percent increase over the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Louisiana collected $5.5 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.

Louisiana Tax Collections 2022 vs. 2021
Type of Tax2022 amount2021 amount
Other license taxes$5,530,000$4,736,000
Public utilities license$7,406,000$6,119,000
Public utilities sales tax$11,299,000$9,250,000
Occupation and business license, NEC$109,448,000$107,217,000
Individual income taxes$4,478,708,000$3,933,108,000
Hunting and fishing license$34,505,000$30,818,000
Severance taxes$491,032,000$301,942,000
Insurance premiums sales tax$1,080,293,000$1,004,261,000
General sales and gross receipts taxes$4,748,279,000$4,048,616,000
Alcoholic beverages sales tax$79,331,000$79,279,000
Pari-mutuels sales tax$5,727,000$5,535,000
Other selective sales and gross receipts taxes$145,703,000$111,228,000
Corporations in general license$389,642,000$237,606,000
Amusements sales tax$760,972,000$686,865,000
Corporations net income taxes$1,039,929,000$587,747,000
Motor vehicle operators license$11,775,000$5,619,000
Selective sales and gross receipts taxes$2,992,828,000$2,804,897,000
Tobacco products sales tax$258,537,000$268,752,000
Motor vehicle license$80,086,000$85,059,000
Motor fuels sales tax$650,966,000$639,727,000
Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS