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Monday, November 25, 2024

Connecticut collected 116.1% more in pari-mutuels sales tax in 2020

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Of the $18.4 billion in taxes collected by Connecticut in 2020, $11.2 million came from pari-mutuels sales tax, a 116.1 percent increase over the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Connecticut collected $5.2 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.

Connecticut Tax Collections 2020 vs. 2019
Type of Tax2020 amount2019 amount
Occupation and business license, NEC$56,326,000$77,540,000
Individual income taxes$8,177,456,000$8,445,783,000
Taxes, NEC$271,000$178,000
Tobacco products sales tax$320,931,000$357,525,000
Pari-mutuels sales tax$11,224,000$5,193,000
Corporations net income taxes$2,062,263,000$2,065,833,000
Death and gift taxes$146,650,000$209,674,000
Motor vehicle license$230,462,000$243,358,000
Alcoholic beverages sales tax$64,774,000$64,146,000
Hunting and fishing license$5,054,000$5,583,000
Motor fuels sales tax$472,732,000$497,860,000
Insurance premiums sales tax$190,259,000$169,524,000
Public utilities sales tax$268,919,000$273,076,000
Other license taxes$4,268,000$4,854,000
General sales and gross receipts taxes$4,581,615,000$4,589,035,000
Amusements license$229,000$230,000
Documentarty and stock transfer taxes$175,028,000$211,118,000
Selective sales and gross receipts taxes$2,886,836,000$3,198,853,000
Amusements sales tax$234,835,000$299,273,000
Alcoholic beverages license$7,953,000$9,572,000
Motor vehicle operators license$33,585,000$38,712,000
Other selective sales and gross receipts taxes$1,323,162,000$1,532,256,000
Corporations in general license$32,538,000$31,621,000
Source: U.S. Census Bureau

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