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Sunday, November 17, 2024

New York collected 25.6% less in pari-mutuels sales tax in 2020

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Of the $92.7 billion in taxes collected by New York in 2020, $15.9 million came from pari-mutuels sales tax, a 25.6 percent decrease from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

New York collected $21.4 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.

New York Tax Collections 2020 vs. 2019
Type of Tax2020 amount2019 amount
Hunting and fishing license$44,831,000$41,418,000
Pari-mutuels sales tax$15,939,000$21,430,000
Other license taxes$863,000$1,027,000
Selective sales and gross receipts taxes$12,422,589,000$11,857,986,000
Insurance premiums sales tax$1,904,118,000$1,866,069,000
Motor vehicle operators license$141,385,000$145,007,000
Taxes, NEC$1,676,698,000$1,601,088,000
Corporations in general license$2,286,000$1,303,000
Individual income taxes$53,659,401,000$48,087,389,000
Documentarty and stock transfer taxes$1,278,846,000$1,277,647,000
Occupation and business license, NEC$122,849,000$124,530,000
Other selective sales and gross receipts taxes$6,623,859,000$6,026,782,000
Death and gift taxes$1,070,166,000$1,068,327,000
Tobacco products sales tax$1,035,160,000$1,070,667,000
Alcoholic beverages sales tax$259,018,000$263,453,000
Motor vehicle license$1,418,248,000$1,416,050,000
Public utilities sales tax$906,990,000$885,520,000
Corporations net income taxes$4,824,289,000$4,296,595,000
Amusements sales tax$2,022,000$2,342,000
Alcoholic beverages license$55,626,000$49,089,000
General sales and gross receipts taxes$15,965,689,000$15,372,529,000
Motor fuels sales tax$1,675,483,000$1,721,723,000
Public utilities license$37,088,000$28,988,000
Source: U.S. Census Bureau

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