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Minnesota State Wire

Monday, November 25, 2024

Residents and visitors to Minnesota paid $34.9 billion in taxes in 2022

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Minnesota collected $34.9 billion in taxes in 2022, a 9.8 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 ($19.9 billion) and sales and gross receipts taxes ($12.1 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 Minnesota Tax Collections
Type of TaxAmount
Property taxes$773,877,000
Sales and gross receipts taxes$12,092,155,000
License taxes$1,474,333,000
Income taxes$19,860,533,000
Miscellaneous taxes$710,983,000
General sales and gross receipts taxes$7,287,411,000
Selective sales and gross receipts taxes$4,804,744,000
Alcoholic beverages sales tax$105,074,000
Amusements sales tax$201,832,000
Insurance premiums sales tax$718,431,000
Motor fuels sales tax$900,563,000
Pari-mutuels sales tax$1,906,000
Public utilities sales tax$87,276,000
Tobacco products sales tax$610,055,000
Other selective sales and gross receipts taxes$2,179,607,000
Alcoholic beverages license$3,336,000
Amusements license$8,213,000
Corporations in general license$16,259,000
Hunting and fishing license$103,313,000
Motor vehicle license$926,172,000
Motor vehicle operators license$51,328,000
Public utilities license$7,297,000
Occupation and business license, NEC$273,841,000
Other license taxes$84,574,000
Individual income taxes$15,130,683,000
Corporations net income taxes$4,729,850,000
Death and gift taxes$212,421,000
Documentarty and stock transfer taxes$393,946,000
Severance taxes$104,616,000
Taxes, NEC$0

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