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Thursday, November 7, 2024

Residents and visitors to Montana paid $4.6 billion in taxes in 2022

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Montana collected $4.6 billion in taxes in 2022, a 19.1 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 ($2.7 billion) and sales and gross receipts taxes ($851.8 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.

2022 Montana Tax Collections
Type of TaxAmount
Property taxes$359,844,000
Sales and gross receipts taxes$851,812,000
License taxes$499,840,000
Income taxes$2,678,206,000
Miscellaneous taxes$233,164,000
General sales and gross receipts taxes$0
Selective sales and gross receipts taxes$851,812,000
Alcoholic beverages sales tax$48,267,000
Amusements sales tax$123,282,000
Insurance premiums sales tax$153,056,000
Motor fuels sales tax$292,452,000
Pari-mutuels sales tax$169,000
Public utilities sales tax$39,067,000
Tobacco products sales tax$74,249,000
Other selective sales and gross receipts taxes$121,270,000
Alcoholic beverages license$5,571,000
Amusements license$4,628,000
Corporations in general license$7,694,000
Hunting and fishing license$77,246,000
Motor vehicle license$195,703,000
Motor vehicle operators license$9,732,000
Public utilities license$5,000
Occupation and business license, NEC$183,629,000
Other license taxes$15,632,000
Individual income taxes$2,387,008,000
Corporations net income taxes$291,198,000
Death and gift taxes$0
Documentarty and stock transfer taxes$0
Severance taxes$227,029,000
Taxes, NEC$6,135,000

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