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Thursday, November 7, 2024

Montana collected 62.5% more in pari-mutuels sales tax in 2022

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Of the $4.6 billion in taxes collected by Montana in 2022, $169,000 came from pari-mutuels sales tax, a 62.5 percent increase over the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Montana collected $104,000 in pari-mutuels sales tax in 2021.

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 2022 vs. 2021
Type of Tax2022 amount2021 amount
Insurance premiums sales tax$153,056,000$138,905,000
Pari-mutuels sales tax$169,000$104,000
Corporations in general license$7,694,000$7,279,000
Taxes, NEC$6,135,000$6,544,000
Alcoholic beverages sales tax$48,267,000$46,484,000
Amusements sales tax$123,282,000$116,507,000
Corporations net income taxes$291,198,000$268,444,000
Motor vehicle operators license$9,732,000$7,947,000
Other selective sales and gross receipts taxes$121,270,000$77,454,000
Selective sales and gross receipts taxes$851,812,000$768,499,000
Tobacco products sales tax$74,249,000$73,677,000
Severance taxes$227,029,000$130,998,000
Motor vehicle license$195,703,000$188,314,000
Public utilities sales tax$39,067,000$41,015,000
Motor fuels sales tax$292,452,000$274,353,000
Public utilities license$5,000$10,000
Other license taxes$15,632,000$15,944,000
Occupation and business license, NEC$183,629,000$176,809,000
Amusements license$4,628,000$4,770,000
Alcoholic beverages license$5,571,000$4,235,000
Hunting and fishing license$77,246,000$76,370,000
Individual income taxes$2,387,008,000$1,889,444,000
Source: U.S. Census Bureau

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