Motor fuels taxes revenue in Kentucky increased 2.3% in 2023 compared to previous year

Lt. Gov. Adam Gregg - pbs.twimg.com
Lt. Gov. Adam Gregg - pbs.twimg.com
0Comments

Out of the $17.2 billion in total state tax revenue collected by Kentucky in 2023, $745.2 million came from motor fuels sales taxes, representing an increase from the previous year, when the total was $728.2 million, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

The State Government Tax Collections (STC) survey tracks five major tax categories and up to 25 subcategories, gathering data from all 50 state governments and their dependent agencies.

The Census Bureau notes that it defines tax classifications consistently across states, which may differ from how individual states categorize them.

All figures in this article reflect taxes collected by state governments only, based on the STC. They do not include local taxes, such as most property taxes, which make up a significant portion of overall taxes paid by residents.

According to the U.S. Census Bureau, state and local governments collect a wide range of taxes to fund public programs and services. These revenues are typically allocated to areas such as transportation, education, and public safety. In 2024, state tax collections alone amounted to nearly $1.5 trillion nationwide, representing a significant part of overall government operations.

Below is a breakdown of how taxes were classified by subcategory and how much was collected.

Kentucky Tax Collections 2023 vs. 2022
Type of Tax2023 amount2022 amount
Individual income taxes$6,037,886,000$6,180,726,000
General sales and gross receipts taxes$5,707,486,000$5,162,018,000
Selective sales and gross receipts taxes$2,642,139,000$2,556,458,000
Corporation net income taxes$1,210,388,000$1,168,370,000
Other selective sales and gross receipts taxes$1,015,310,000$962,714,000
Motor fuels sales taxes$745,247,000$728,190,000
Tobacco products sales taxes$342,329,000$374,873,000
Motor vehicle license taxes$258,808,000$224,860,000
Insurance premiums sales taxes$212,229,000$179,015,000
Alcoholic beverages sales taxes$192,789,000$186,487,000
Occupation and businesses license taxes$150,376,000$134,556,000
Severance taxes$147,022,000$109,019,000
Corporations in general license taxes$121,489,000$121,266,000
Public utilities sales taxes$78,110,000$77,310,000
Estate and gift taxes$70,629,000$82,953,000
Hunting and fishing license taxes$30,090,000$31,953,000
Motor vehicle operators license taxes$29,737,000$28,500,000
Documentary and stock transfer taxes$9,285,000$9,879,000
Alcoholic beverages license taxes$8,485,000$8,027,000
Other license taxes$2,103,000$2,244,000
Amusements license taxes$250,000$300,000
Amusements sales taxes$64,000$136,000
Information in this story was obtained from the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC). The source data can be found here.



Related

Georgetown

Georgetown City Council schedules special meeting for May 18

The Georgetown City Council has scheduled a special meeting for May 18 at the Scott County Fiscal Court Room. The session will address topics listed in an attached agenda.

Paul McCaffrey, Acting United States Attorney for the Eastern District of Kentucky

Operators of day treatment program agree to $15.2 million civil judgment in Medicaid case

Operators behind a children’s day treatment program have agreed on May 15th to pay over $15 million after being accused of defrauding state Medicaid programs in Kentucky and Ohio. The case involves improper billing practices related both to non-covered activities at Aspire Day Program locations as well as misrepresentation about clinician qualifications.

Andy Beshear, Governor of Kentucky

Kentucky collected $5.8 billion in general sales and gross receipts taxes in 2024

Of the $17.2 billion in taxes collected by Kentucky in 2024, 33.7%, or $5.8 billion, came from general sales and gross receipts taxes, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Bluegrass Times.