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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 Tax | Amount |
---|---|
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 |