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Thursday, November 28, 2024

Residents and visitors to Iowa paid $10.1 billion in taxes in 2018

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Iowa collected $10.1 billion in taxes in 2018, a 3.4 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 sales and gross receipts taxes ($4.7 billion) and income taxes ($4.3 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 cautions that it sets the tax classifications among the survey categories, and 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.

2018 Iowa Tax Collections
Type of TaxAmount
Property taxes$1,671,000
Sales and gross receipts taxes$4,687,073,000
License taxes$954,503,000
Income taxes$4,340,423,000
Other taxes$104,810,000
General sales and gross receipts taxes$3,279,789,000
Selective sales and gross receipts taxes$1,407,284,000
Alcoholic beverages sales tax$22,183,000
Amusements sales tax$303,374,000
Insurance premiums sales tax$114,363,000
Motor fuels sales tax$671,937,000
Pari-mutuels sales tax$3,818,000
Public utilities sales tax$39,039,000
Tobacco products sales tax$212,469,000
Other selective sales and gross receipts taxes$40,101,000
Alcoholic beverages license$16,456,000
Amusements license$30,314,000
Corporations in general license$34,590,000
Hunting and fishing license$28,200,000
Motor vehicle license$664,178,000
Motor vehicle operators license$21,833,000
Public utilities license$9,865,000
Occupation and business license, nec$146,470,000
Other license taxes$2,597,000
Individual income taxes$3,897,236,000
Corporations net income taxes$443,187,000
Death and gift taxes$82,600,000
Documentary and stock transfer taxes$22,210,000
Severance taxes$0
Taxes, nec$0

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