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Michigan collected $456.6 million in insurance premiums 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.
Michigan Tax Collections 2021 vs. 2020
Type of Tax | 2021 amount | 2020 amount |
---|---|---|
Amusements sales tax | $157,621,000 | $115,277,000 |
Occupation and business license, NEC | $268,448,000 | $256,843,000 |
Individual income taxes | $11,999,165,000 | $9,029,493,000 |
Corporations in general license | $33,845,000 | $31,472,000 |
Selective sales and gross receipts taxes | $4,735,465,000 | $4,185,759,000 |
Motor fuels sales tax | $1,336,795,000 | $1,199,557,000 |
Other selective sales and gross receipts taxes | $1,729,045,000 | $1,368,951,000 |
Documentarty and stock transfer taxes | $411,412,000 | $404,871,000 |
Corporations net income taxes | $1,496,498,000 | $812,842,000 |
Pari-mutuels sales tax | $2,656,000 | $1,726,000 |
Insurance premiums sales tax | $349,170,000 | $456,600,000 |
Motor vehicle license | $1,455,962,000 | $1,366,442,000 |
Tobacco products sales tax | $886,370,000 | $826,928,000 |
Severance taxes | $23,549,000 | $14,983,000 |
Public utilities sales tax | $38,425,000 | $35,656,000 |
Motor vehicle operators license | $66,802,000 | $55,380,000 |
Public utilities license | $37,098,000 | $32,263,000 |
General sales and gross receipts taxes | $11,190,298,000 | $9,223,410,000 |
Hunting and fishing license | $76,709,000 | $91,864,000 |
Other license taxes | $219,386,000 | $163,451,000 |
Alcoholic beverages sales tax | $235,383,000 | $181,064,000 |
Alcoholic beverages license | $20,572,000 | $19,728,000 |