Quantcast

Maryland State Wire

Sunday, December 22, 2024

Maryland collected 0.4% more in pari-mutuels sales tax in 2022

Adobestock 89829810

Adobe Stock

Adobe Stock

Of the $29.4 billion in taxes collected by Maryland in 2022, $1.1 million came from pari-mutuels sales tax, a 0.4 percent increase over the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Maryland collected $1.1 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.

Maryland Tax Collections 2022 vs. 2021
Type of Tax2022 amount2021 amount
Tobacco products sales tax$479,132,000$388,243,000
Taxes, NEC$288,536,000$233,780,000
Motor vehicle license$503,958,000$520,688,000
Motor fuels sales tax$1,113,264,000$1,025,338,000
Other license taxes$1,849,000$2,043,000
Death and gift taxes$265,493,000$240,585,000
Public utilities sales tax$141,835,000$144,260,000
Occupation and business license, NEC$307,187,000$233,561,000
Alcoholic beverages license$1,174,000$849,000
Amusements license$1,964,000$1,342,000
Individual income taxes$12,228,623,000$10,186,240,000
Hunting and fishing license$18,175,000$19,157,000
Insurance premiums sales tax$791,320,000$757,839,000
General sales and gross receipts taxes$6,638,205,000$5,458,909,000
Pari-mutuels sales tax$1,124,000$1,119,000
Other selective sales and gross receipts taxes$1,743,953,000$1,738,046,000
Corporations in general license$140,820,000$168,085,000
Alcoholic beverages sales tax$36,930,000$38,941,000
Amusements sales tax$1,194,074,000$1,034,508,000
Corporations net income taxes$2,141,942,000$1,840,705,000
Motor vehicle operators license$33,538,000$23,715,000
Documentarty and stock transfer taxes$357,373,000$269,373,000
Selective sales and gross receipts taxes$5,501,632,000$5,128,294,000
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