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Sunday, November 24, 2024

Residents and visitors to Connecticut paid $22.5 billion in taxes in 2022

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Connecticut collected $22.5 billion in taxes in 2022, a 1.9 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 ($13.3 billion) and sales and gross receipts taxes ($8.2 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 Connecticut Tax Collections
Type of TaxAmount
Property taxes$0
Sales and gross receipts taxes$8,198,701,000
License taxes$400,119,000
Income taxes$13,348,748,000
Miscellaneous taxes$529,909,000
General sales and gross receipts taxes$5,193,413,000
Selective sales and gross receipts taxes$3,005,288,000
Alcoholic beverages sales tax$71,123,000
Amusements sales tax$260,239,000
Insurance premiums sales tax$191,176,000
Motor fuels sales tax$373,779,000
Pari-mutuels sales tax$5,708,000
Public utilities sales tax$246,437,000
Tobacco products sales tax$303,664,000
Other selective sales and gross receipts taxes$1,553,162,000
Alcoholic beverages license$9,924,000
Amusements license$161,000
Corporations in general license$36,591,000
Hunting and fishing license$5,333,000
Motor vehicle license$249,106,000
Motor vehicle operators license$59,890,000
Public utilities license$578,000
Occupation and business license, NEC$33,872,000
Other license taxes$4,664,000
Individual income taxes$9,861,264,000
Corporations net income taxes$3,487,484,000
Death and gift taxes$199,409,000
Documentarty and stock transfer taxes$328,938,000
Severance taxes$0
Taxes, NEC$1,562,000

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