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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 |