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Tuesday, November 5, 2024

Michigan collected 10.1% more in pari-mutuels sales tax in 2022

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Of the $37.1 billion in taxes collected by Michigan in 2022, $2.9 million came from pari-mutuels sales tax, a 10.1 percent increase over the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Michigan collected $2.7 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.

Michigan Tax Collections 2022 vs. 2021
Type of Tax2022 amount2021 amount
Corporations net income taxes$1,794,301,000$1,496,498,000
Motor vehicle operators license$66,444,000$66,802,000
Documentarty and stock transfer taxes$542,386,000$411,412,000
Taxes, NEC$97,000$0
Selective sales and gross receipts taxes$4,813,123,000$4,735,465,000
Tobacco products sales tax$805,030,000$886,370,000
Public utilities license$32,696,000$37,098,000
Motor vehicle license$1,498,851,000$1,455,962,000
Motor fuels sales tax$1,416,157,000$1,336,795,000
Severance taxes$46,951,000$23,549,000
Other license taxes$229,565,000$219,386,000
Death and gift taxes$6,000$0
Public utilities sales tax$42,928,000$38,425,000
Occupation and business license, NEC$292,138,000$268,448,000
Alcoholic beverages license$18,643,000$20,572,000
Individual income taxes$12,879,815,000$11,999,165,000
Hunting and fishing license$66,902,000$76,709,000
Insurance premiums sales tax$398,371,000$349,170,000
General sales and gross receipts taxes$12,204,862,000$11,190,298,000
Pari-mutuels sales tax$2,924,000$2,656,000
Other selective sales and gross receipts taxes$1,642,635,000$1,729,045,000
Corporations in general license$34,998,000$33,845,000
Alcoholic beverages sales tax$219,449,000$235,383,000
Amusements sales tax$285,629,000$157,621,000
Source: U.S. Census Bureau

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