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Maryland State Wire

Tuesday, November 12, 2024

Residents and visitors to Maryland paid $29.4 billion in taxes in 2022

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Maryland collected $29.4 billion in taxes in 2022, a 16.4 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 ($14.4 billion) and sales and gross receipts taxes ($12.1 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 Maryland Tax Collections
Type of TaxAmount
Property taxes$930,810,000
Sales and gross receipts taxes$12,139,837,000
License taxes$1,008,665,000
Income taxes$14,370,565,000
Miscellaneous taxes$911,402,000
General sales and gross receipts taxes$6,638,205,000
Selective sales and gross receipts taxes$5,501,632,000
Alcoholic beverages sales tax$36,930,000
Amusements sales tax$1,194,074,000
Insurance premiums sales tax$791,320,000
Motor fuels sales tax$1,113,264,000
Pari-mutuels sales tax$1,124,000
Public utilities sales tax$141,835,000
Tobacco products sales tax$479,132,000
Other selective sales and gross receipts taxes$1,743,953,000
Alcoholic beverages license$1,174,000
Amusements license$1,964,000
Corporations in general license$140,820,000
Hunting and fishing license$18,175,000
Motor vehicle license$503,958,000
Motor vehicle operators license$33,538,000
Public utilities license$0
Occupation and business license, NEC$307,187,000
Other license taxes$1,849,000
Individual income taxes$12,228,623,000
Corporations net income taxes$2,141,942,000
Death and gift taxes$265,493,000
Documentarty and stock transfer taxes$357,373,000
Severance taxes$0
Taxes, NEC$288,536,000

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