Adobe Stock
Adobe Stock
Vermont collected $1.2 billion in sales and gross receipts taxes 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.
Vermont Tax Collections 2020 vs. 2019
Type of Tax | 2020 amount | 2019 amount |
---|---|---|
Corporations in general license | $3,729,000 | $3,664,000 |
Sales and gross receipts taxes | $1,164,652,000 | $1,165,401,000 |
Income taxes | $904,264,000 | $1,010,471,000 |
Occupation and business license, NEC | $29,028,000 | $26,160,000 |
Other taxes | $60,613,000 | $56,686,000 |
Individual income taxes | $762,641,000 | $860,639,000 |
Public utilities sales tax | $9,311,000 | $9,020,000 |
Selective sales and gross receipts taxes | $733,070,000 | $753,101,000 |
Taxes, NEC | $5,670,000 | $5,425,000 |
Property taxes | $1,150,268,000 | $1,111,956,000 |
Motor fuels sales tax | $116,428,000 | $126,614,000 |
General sales and gross receipts taxes | $431,582,000 | $412,300,000 |
License taxes | $140,193,000 | $126,071,000 |
Insurance premiums sales tax | $60,807,000 | $57,765,000 |
Other license taxes | $10,464,000 | $4,370,000 |
Death and gift taxes | $15,168,000 | $12,630,000 |
Corporations net income taxes | $141,623,000 | $149,832,000 |
Motor vehicle license | $73,514,000 | $69,334,000 |
Amusements license | $24,000 | $23,000 |
Other selective sales and gross receipts taxes | $464,573,000 | $462,283,000 |
Documentarty and stock transfer taxes | $39,775,000 | $38,631,000 |
Tobacco products sales tax | $71,189,000 | $68,434,000 |
Motor vehicle operators license | $14,778,000 | $14,860,000 |
Alcoholic beverages sales tax | $10,762,000 | $28,985,000 |
Alcoholic beverages license | $411,000 | $477,000 |
Hunting and fishing license | $8,245,000 | $7,183,000 |