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Saturday, October 19, 2024

Wyoming collected 23.7% more in pari-mutuels sales tax in 2021

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Of the $1.9 billion in taxes collected by Wyoming in 2021, $8.1 million came from pari-mutuels sales tax, a 23.7 percent increase over the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Wyoming collected $6.5 million in pari-mutuels sales tax in 2020.

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.

Wyoming Tax Collections 2021 vs. 2020
Type of Tax2021 amount2020 amount
Pari-mutuels sales tax$8,064,000$6,521,000
Other selective sales and gross receipts taxes$3,364,000$2,958,000
Insurance premiums sales tax$36,231,000$29,909,000
General sales and gross receipts taxes$734,785,000$764,917,000
Tobacco products sales tax$21,553,000$21,223,000
Motor vehicle operators license$4,675,000$4,223,000
Severance taxes$435,314,000$505,573,000
Hunting and fishing license$42,975,000$42,401,000
Public utilities sales tax$4,592,000$4,955,000
Amusements sales tax$5,018,000$326,000
Alcoholic beverages sales tax$2,238,000$2,062,000
Taxes, NEC$4,051,000$5,774,000
Corporations in general license$17,751,000$15,761,000
Occupation and business license, NEC$44,658,000$43,222,000
Motor fuels sales tax$111,244,000$118,945,000
Motor vehicle license$102,438,000$99,034,000
Selective sales and gross receipts taxes$192,304,000$186,899,000
Source: U.S. Census Bureau

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