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Sunshine Sentinel

Tuesday, December 24, 2024

Residents and visitors to Florida paid $43.1 billion in taxes in 2020

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Florida collected $43.1 billion in taxes in 2020, a 3.8 percent decrease 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 sales and gross receipts taxes ($35.2 billion) and miscellaneous taxes ($3.3 billion).

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.

2020 Florida Tax Collections
Type of TaxAmount
Property taxes$0
Sales and gross receipts taxes$35,167,486,000
License taxes$2,122,244,000
Income taxes$2,481,710,000
Miscellaneous taxes$3,346,493,000
General sales and gross receipts taxes$26,960,208,000
Selective sales and gross receipts taxes$8,207,278,000
Alcoholic beverages sales tax$300,379,000
Amusements sales tax$159,853,000
Insurance premiums sales tax$1,225,176,000
Motor fuels sales tax$2,762,052,000
Pari-mutuels sales tax$7,995,000
Public utilities sales tax$1,660,059,000
Tobacco products sales tax$1,097,766,000
Other selective sales and gross receipts taxes$993,998,000
Alcoholic beverages license$4,927,000
Amusements license$14,000,000
Corporations in general license$222,541,000
Hunting and fishing license$16,932,000
Motor vehicle license$1,498,596,000
Motor vehicle operators license$165,449,000
Public utilities license$23,982,000
Occupation and business license, NEC$164,729,000
Other license taxes$11,088,000
Individual income taxes$0
Corporations net income taxes$2,481,710,000
Death and gift taxes$0
Documentarty and stock transfer taxes$3,317,815,000
Severance taxes$28,678,000
Taxes, NEC$0

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