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Thursday, November 21, 2024

Montana collected 44% less in pari-mutuels sales tax in 2020

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Of the $3.2 billion in taxes collected by Montana in 2020, $117,000 came from pari-mutuels sales tax, a 44 percent decrease from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Montana collected $209,000 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.

Montana Tax Collections 2020 vs. 2019
Type of Tax2020 amount2019 amount
Tobacco products sales tax$75,486,000$77,234,000
Alcoholic beverages sales tax$40,465,000$37,820,000
Motor vehicle license$171,159,000$172,071,000
Public utilities sales tax$43,351,000$43,018,000
Amusements sales tax$57,455,000$63,172,000
Corporations net income taxes$186,297,000$185,097,000
Motor fuels sales tax$260,531,000$261,331,000
Amusements license$4,654,000$4,607,000
Severance taxes$173,824,000$202,463,000
Alcoholic beverages license$5,690,000$3,028,000
Hunting and fishing license$69,573,000$67,757,000
Public utilities license$12,000$6,000
Selective sales and gross receipts taxes$678,835,000$663,096,000
Insurance premiums sales tax$120,822,000$108,445,000
Motor vehicle operators license$7,547,000$7,018,000
Pari-mutuels sales tax$117,000$209,000
Other license taxes$14,310,000$12,341,000
Corporations in general license$5,283,000$5,435,000
Other selective sales and gross receipts taxes$80,608,000$71,867,000
Occupation and business license, NEC$175,531,000$116,554,000
Individual income taxes$1,338,737,000$1,412,863,000
Taxes, NEC$4,090,000$3,921,000
Source: U.S. Census Bureau

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