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Minnesota State Wire

Saturday, November 23, 2024

Minnesota collected 14.6% more in pari-mutuels sales tax in 2020

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Of the $26.8 billion in taxes collected by Minnesota in 2020, $1.4 million came from pari-mutuels sales tax, a 14.6 percent increase over the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Minnesota collected $1.2 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.

Minnesota Tax Collections 2020 vs. 2019
Type of Tax2020 amount2019 amount
Motor fuels sales tax$879,639,000$935,632,000
Amusements license$1,104,000$1,137,000
Severance taxes$56,358,000$60,158,000
General sales and gross receipts taxes$6,435,200,000$6,205,621,000
Alcoholic beverages license$2,847,000$2,711,000
Hunting and fishing license$72,026,000$68,643,000
Public utilities license$642,000$675,000
Death and gift taxes$148,779,000$222,279,000
Selective sales and gross receipts taxes$4,917,702,000$4,963,954,000
Insurance premiums sales tax$530,442,000$524,654,000
Motor vehicle operators license$48,774,000$44,352,000
Other license taxes$66,784,000$64,669,000
Other selective sales and gross receipts taxes$2,716,502,000$2,693,337,000
Corporations in general license$9,409,000$9,275,000
Pari-mutuels sales tax$1,366,000$1,192,000
Occupation and business license, NEC$520,132,000$456,956,000
Individual income taxes$10,923,158,000$12,400,060,000
Taxes, NEC$53,334,000$52,031,000
Tobacco products sales tax$616,192,000$626,533,000
Alcoholic beverages sales tax$94,319,000$92,848,000
Documentarty and stock transfer taxes$317,509,000$251,851,000
Motor vehicle license$856,610,000$847,267,000
Amusements sales tax$79,189,000$89,707,000
Public utilities sales tax$53,000$51,000
Corporations net income taxes$1,604,450,000$1,711,659,000
Source: U.S. Census Bureau

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