Vermont collected $4.4 billion in taxes in 2022, a 7.6 percent increase from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).
Most tax revenue came from income taxes ($1.5 billion) and sales and gross receipts taxes ($1.4 billion).
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 the bureau and how much was collected.
2022 Vermont Tax Collections
| Type of Tax | Amount |
|---|---|
| Property taxes | $1,235,599,000 |
| Sales and gross receipts taxes | $1,391,177,000 |
| License taxes | $143,122,000 |
| Income taxes | $1,508,701,000 |
| Miscellaneous taxes | $136,891,000 |
| General sales and gross receipts taxes | $545,564,000 |
| Selective sales and gross receipts taxes | $845,613,000 |
| Alcoholic beverages sales tax | $12,064,000 |
| Amusements sales tax | $0 |
| Insurance premiums sales tax | $68,799,000 |
| Motor fuels sales tax | $121,774,000 |
| Pari-mutuels sales tax | $0 |
| Public utilities sales tax | $9,705,000 |
| Tobacco products sales tax | $75,991,000 |
| Other selective sales and gross receipts taxes | $557,280,000 |
| Alcoholic beverages license | $491,000 |
| Amusements license | $21,000 |
| Corporations in general license | $3,292,000 |
| Hunting and fishing license | $8,061,000 |
| Motor vehicle license | $74,974,000 |
| Motor vehicle operators license | $13,796,000 |
| Public utilities license | $0 |
| Occupation and business license, NEC | $32,384,000 |
| Other license taxes | $10,103,000 |
| Individual income taxes | $1,268,299,000 |
| Corporations net income taxes | $240,402,000 |
| Death and gift taxes | $13,997,000 |
| Documentarty and stock transfer taxes | $113,493,000 |
| Severance taxes | $0 |
| Taxes, NEC | $9,401,000 |
