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Kentucky collected $149.9 million in severance taxes in 2019.
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.
Kentucky Tax Collections 2020 vs. 2019
Type of Tax | 2020 amount | 2019 amount |
---|---|---|
Occupation and business license, NEC | $134,316,000 | $129,033,000 |
Individual income taxes | $4,831,399,000 | $4,629,057,000 |
Tobacco products sales tax | $382,071,000 | $369,501,000 |
Motor vehicle license | $205,245,000 | $223,126,000 |
Documentarty and stock transfer taxes | $3,491,000 | $3,351,000 |
Amusements sales tax | $145,000 | $214,000 |
Corporations net income taxes | $639,200,000 | $762,700,000 |
Alcoholic beverages sales tax | $159,588,000 | $147,700,000 |
Motor fuels sales tax | $690,280,000 | $720,218,000 |
Public utilities sales tax | $70,648,000 | $56,395,000 |
Amusements license | $275,000 | $316,000 |
General sales and gross receipts taxes | $4,191,324,000 | $3,984,753,000 |
Hunting and fishing license | $30,778,000 | $31,142,000 |
Other license taxes | $4,907,000 | $4,907,000 |
Alcoholic beverages license | $3,721,000 | $10,664,000 |
Selective sales and gross receipts taxes | $2,347,873,000 | $2,326,479,000 |
Insurance premiums sales tax | $178,083,000 | $173,129,000 |
Motor vehicle operators license | $14,038,000 | $17,142,000 |
Severance taxes | $109,176,000 | $149,910,000 |
Death and gift taxes | $48,250,000 | $42,903,000 |
Other selective sales and gross receipts taxes | $850,980,000 | $844,319,000 |
Corporations in general license | $151,794,000 | $117,710,000 |
Pari-mutuels sales tax | $16,078,000 | $15,003,000 |