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Friday, November 29, 2024

Florida collected 71.4% more in pari-mutuels sales tax in 2022

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Of the $59.2 billion in taxes collected by Florida in 2022, $12.3 million came from pari-mutuels sales tax, a 71.4 percent increase over the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Florida collected $7.2 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.

Florida Tax Collections 2022 vs. 2021
Type of Tax2022 amount2021 amount
Amusements sales tax$178,210,000$168,200,000
Motor vehicle license$1,510,808,000$1,523,039,000
Motor fuels sales tax$3,111,445,000$2,873,845,000
Insurance premiums sales tax$1,571,412,000$1,491,831,000
Occupation and business license, NEC$202,755,000$159,607,000
Documentarty and stock transfer taxes$6,166,778,000$4,846,085,000
Hunting and fishing license$19,374,000$17,083,000
Public utilities sales tax$1,799,972,000$1,682,256,000
Amusements license$3,460,000$15,000,000
General sales and gross receipts taxes$37,841,294,000$29,873,668,000
Public utilities license$24,180,000$24,090,000
Alcoholic beverages license$10,677,000$4,346,000
Alcoholic beverages sales tax$359,022,000$338,642,000
Other selective sales and gross receipts taxes$1,092,870,000$986,396,000
Corporations in general license$278,526,000$535,900,000
Corporations net income taxes$3,780,770,000$3,407,190,000
Severance taxes$28,694,000$29,541,000
Motor vehicle operators license$182,189,000$218,600,000
Pari-mutuels sales tax$12,311,000$7,184,000
Selective sales and gross receipts taxes$9,174,155,000$8,648,445,000
Tobacco products sales tax$1,048,913,000$1,100,091,000
Other license taxes$13,199,000$11,790,000
Source: U.S. Census Bureau

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