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Friday, November 15, 2024

Maine collected 67.5% more in pari-mutuels sales tax in 2022

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Of the $6.4 billion in taxes collected by Maine in 2022, $1.9 million came from pari-mutuels sales tax, a 67.5 percent increase over the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Maine collected $1.1 million 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.

Maine Tax Collections 2022 vs. 2021
Type of Tax2022 amount2021 amount
Motor vehicle license$121,049,000$126,182,000
Motor fuels sales tax$246,951,000$231,938,000
Other license taxes$13,522,000$12,368,000
Death and gift taxes$34,183,000$40,399,000
Public utilities sales tax$21,784,000$21,732,000
Occupation and business license, NEC$128,544,000$130,503,000
Alcoholic beverages license$7,465,000$8,499,000
Amusements license$901,000$404,000
Individual income taxes$2,590,903,000$2,075,273,000
Hunting and fishing license$19,167,000$19,749,000
Insurance premiums sales tax$136,120,000$101,947,000
General sales and gross receipts taxes$2,171,258,000$1,909,696,000
Alcoholic beverages sales tax$18,464,000$18,461,000
Pari-mutuels sales tax$1,911,000$1,141,000
Other selective sales and gross receipts taxes$167,723,000$156,641,000
Corporations in general license$13,011,000$15,039,000
Amusements sales tax$68,073,000$43,368,000
Corporations net income taxes$415,818,000$284,317,000
Motor vehicle operators license$13,598,000$13,178,000
Documentarty and stock transfer taxes$61,859,000$52,186,000
Selective sales and gross receipts taxes$802,967,000$719,821,000
Tobacco products sales tax$141,941,000$144,593,000
Source: U.S. Census Bureau

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