Quantcast

Sunshine Sentinel

Monday, December 23, 2024

Florida collected 7.2% less in pari-mutuels sales tax in 2020

Adobestock 90723370

Adobe Stock

Adobe Stock

Of the $43.1 billion in taxes collected by Florida in 2020, $8 million came from pari-mutuels sales tax, a 7.2 percent decrease from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Florida collected $8.6 million in pari-mutuels sales tax in 2019.

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.

Florida Tax Collections 2020 vs. 2019
Type of Tax2020 amount2019 amount
Alcoholic beverages license$4,927,000$5,601,000
Motor vehicle operators license$165,449,000$165,434,000
Other selective sales and gross receipts taxes$993,998,000$964,361,000
Corporations in general license$222,541,000$241,902,000
Occupation and business license, NEC$164,729,000$170,015,000
Severance taxes$28,678,000$34,245,000
Tobacco products sales tax$1,097,766,000$1,136,716,000
Pari-mutuels sales tax$7,995,000$8,616,000
Corporations net income taxes$2,481,710,000$3,114,711,000
Public utilities license$23,982,000$24,198,000
Motor vehicle license$1,498,596,000$1,474,100,000
Alcoholic beverages sales tax$300,379,000$308,922,000
Motor fuels sales tax$2,762,052,000$2,925,122,000
General sales and gross receipts taxes$26,960,208,000$28,006,498,000
Insurance premiums sales tax$1,225,176,000$1,178,214,000
Public utilities sales tax$1,660,059,000$1,747,862,000
Other license taxes$11,088,000$10,385,000
Hunting and fishing license$16,932,000$16,780,000
Amusements sales tax$159,853,000$215,765,000
Amusements license$14,000,000$16,000,000
Documentarty and stock transfer taxes$3,317,815,000$3,034,381,000
Selective sales and gross receipts taxes$8,207,278,000$8,485,578,000
Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS