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Tax Structure

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State Government Tax Collections

Total Taxes

$40,256,178

Property Taxes

$55,736

General Sales and Gross Receipts Taxes

$7,571,760

Total Sales and Gross Receipts Taxes

$14,984,487

Alcoholic Beverage Taxes

$283,811

Insurance Premiums Taxes

$859,416

Motor Fuels Taxes

$1,958,135

Public Utilities Taxes

$480,960

Tobacco Products Taxes

$210,920

Other Selective Sales and Gross Receipts Taxes

$3,355,982

Alcoholic Beverages Licenses

$18,845

General Corporation Licenses

$85,126

Hunting and Fishing Licenses

$27,909

Motor Vehicle Licenses

$527,947

Motor Vehicle Operators Licenses

$74,929

Occupation and Business Licenses

$266,633

Other License Taxes

$70,512

Income Taxes

$23,477,256

Individual Income Taxes

$19,026,734

Corporation Net Income Taxes

$4,450,522

Other Taxes

$618,181

Documentary and Stock Transfer Taxes

$614,040

Severance Taxes

$4,141

Sources:

Federal Reserve Economic Data (FRED)