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Minnesota State Wire

Tuesday, November 5, 2024

Minnesota collected 22.6% less in pari-mutuels sales tax in 2022

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Of the $34.9 billion in taxes collected by Minnesota in 2022, $1.9 million came from pari-mutuels sales tax, a 22.6 percent decrease from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Minnesota collected $2.5 million in pari-mutuels sales tax in 2021.

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 2022 vs. 2021
Type of Tax2022 amount2021 amount
Corporations in general license$16,259,000$16,055,000
Alcoholic beverages sales tax$105,074,000$101,472,000
Amusements sales tax$201,832,000$132,221,000
Corporations net income taxes$4,729,850,000$2,423,383,000
Motor vehicle operators license$51,328,000$59,219,000
Selective sales and gross receipts taxes$4,804,744,000$4,505,898,000
Tobacco products sales tax$610,055,000$626,480,000
Public utilities license$7,297,000$7,570,000
Motor vehicle license$926,172,000$945,653,000
Documentarty and stock transfer taxes$393,946,000$410,830,000
Motor fuels sales tax$900,563,000$844,730,000
Severance taxes$104,616,000$64,652,000
Other license taxes$84,574,000$86,585,000
Death and gift taxes$212,421,000$204,646,000
Public utilities sales tax$87,276,000$95,402,000
Occupation and business license, NEC$273,841,000$271,262,000
Amusements license$8,213,000$5,575,000
Alcoholic beverages license$3,336,000$3,070,000
Hunting and fishing license$103,313,000$110,681,000
Individual income taxes$15,130,683,000$15,170,613,000
Insurance premiums sales tax$718,431,000$650,137,000
General sales and gross receipts taxes$7,287,411,000$6,698,560,000
Pari-mutuels sales tax$1,906,000$2,463,000
Other selective sales and gross receipts taxes$2,179,607,000$2,052,993,000
Source: U.S. Census Bureau

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