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Maryland State Wire

Monday, November 18, 2024

Maryland collected 16.3% more in pari-mutuels sales tax in 2021

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Of the $25.2 billion in taxes collected by Maryland in 2021, $1.1 million came from pari-mutuels sales tax, a 16.3 percent increase over the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Maryland collected $962,000 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.

Maryland Tax Collections 2021 vs. 2020
Type of Tax2021 amount2020 amount
Selective sales and gross receipts taxes$5,128,294,000$4,574,124,000
Motor fuels sales tax$1,025,338,000$1,076,207,000
Other selective sales and gross receipts taxes$1,738,046,000$1,583,822,000
Documentarty and stock transfer taxes$269,373,000$227,050,000
Taxes, NEC$233,780,000$256,141,000
Corporations net income taxes$1,840,705,000$1,325,456,000
Pari-mutuels sales tax$1,119,000$962,000
Insurance premiums sales tax$757,839,000$615,000,000
Motor vehicle license$520,688,000$471,001,000
Tobacco products sales tax$388,243,000$362,901,000
Motor vehicle operators license$23,715,000$26,923,000
Death and gift taxes$240,585,000$197,169,000
General sales and gross receipts taxes$5,458,909,000$4,936,660,000
Public utilities sales tax$144,260,000$137,713,000
Hunting and fishing license$19,157,000$17,826,000
Other license taxes$2,043,000$1,728,000
Amusements license$1,342,000$1,657,000
Alcoholic beverages sales tax$38,941,000$24,460,000
Alcoholic beverages license$849,000$1,635,000
Amusements sales tax$1,034,508,000$773,059,000
Occupation and business license, NEC$233,561,000$195,835,000
Individual income taxes$10,186,240,000$10,698,876,000
Corporations in general license$168,085,000$83,751,000
Source: U.S. Census Bureau

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