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Monday, December 23, 2024

Florida collected 10.1% less in pari-mutuels sales tax in 2021

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Of the $49.3 billion in taxes collected by Florida in 2021, $7.2 million came from pari-mutuels sales tax, a 10.1 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 million in pari-mutuels sales tax in 2020.

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 2021 vs. 2020
Type of Tax2021 amount2020 amount
Severance taxes$29,541,000$28,678,000
Other selective sales and gross receipts taxes$986,396,000$993,998,000
Corporations net income taxes$3,407,190,000$2,481,710,000
Public utilities license$24,090,000$23,982,000
Amusements sales tax$168,200,000$159,853,000
Motor vehicle license$1,523,039,000$1,498,596,000
Tobacco products sales tax$1,100,091,000$1,097,766,000
Insurance premiums sales tax$1,491,831,000$1,225,176,000
Other license taxes$11,790,000$11,088,000
Pari-mutuels sales tax$7,184,000$7,995,000
Motor vehicle operators license$218,600,000$165,449,000
Documentarty and stock transfer taxes$4,846,085,000$3,317,815,000
General sales and gross receipts taxes$29,873,668,000$26,960,208,000
Hunting and fishing license$17,083,000$16,932,000
Alcoholic beverages sales tax$338,642,000$300,379,000
Public utilities sales tax$1,682,256,000$1,660,059,000
Amusements license$15,000,000$14,000,000
Occupation and business license, NEC$159,607,000$164,729,000
Alcoholic beverages license$4,346,000$4,927,000
Corporations in general license$535,900,000$222,541,000
Motor fuels sales tax$2,873,845,000$2,762,052,000
Selective sales and gross receipts taxes$8,648,445,000$8,207,278,000
Source: U.S. Census Bureau

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