Quantcast

Big Sky Times

Saturday, November 23, 2024

Residents and visitors to Montana paid $3.9 billion in taxes in 2021

Adobestock 204335772

Adobe Stock

Adobe Stock

Montana collected $3.9 billion in taxes in 2021, a 22.5 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 ($2.2 billion) and sales and gross receipts taxes ($768.5 million).

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.

2021 Montana Tax Collections
Type of TaxAmount
Property taxes$334,759,000
Sales and gross receipts taxes$768,499,000
License taxes$481,678,000
Income taxes$2,157,888,000
Miscellaneous taxes$137,542,000
General sales and gross receipts taxes$0
Selective sales and gross receipts taxes$768,499,000
Alcoholic beverages sales tax$46,484,000
Amusements sales tax$116,507,000
Insurance premiums sales tax$138,905,000
Motor fuels sales tax$274,353,000
Pari-mutuels sales tax$104,000
Public utilities sales tax$41,015,000
Tobacco products sales tax$73,677,000
Other selective sales and gross receipts taxes$77,454,000
Alcoholic beverages license$4,235,000
Amusements license$4,770,000
Corporations in general license$7,279,000
Hunting and fishing license$76,370,000
Motor vehicle license$188,314,000
Motor vehicle operators license$7,947,000
Public utilities license$10,000
Occupation and business license, NEC$176,809,000
Other license taxes$15,944,000
Individual income taxes$1,889,444,000
Corporations net income taxes$268,444,000
Death and gift taxes$0
Documentarty and stock transfer taxes$0
Severance taxes$130,998,000
Taxes, NEC$6,544,000

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