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Tuesday, November 5, 2024

Kentucky ranks 12th in the U.S. for the most severance taxes paid in 2021

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In 2021, Kentucky collected $84.4 million in severance taxes, ranking it 12th in the United States, according to the U.S. Census Bureau's Annual Survey of State Government Tax Collections (STC).

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 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.

U.S. severance taxes by State in 2021
RankStateAmount
1Texas$5,089,433,000
2New Mexico$1,804,377,000
3North Dakota$1,662,082,000
4Oklahoma$754,292,000
5Wyoming$435,314,000
6Alaska$387,367,000
7Louisiana$301,942,000
8Nevada$278,504,000
9West Virginia$274,256,000
10Montana$130,998,000
11California$130,748,000
12Kentucky$84,446,000
13Minnesota$64,652,000
14Ohio$62,983,000
15Washington$43,020,000
16Alabama$38,852,000
17Utah$37,985,000
18Arizona$35,610,000
19Arkansas$33,004,000
20Mississippi$29,635,000
21Florida$29,541,000
22Kansas$27,553,000
23Michigan$23,549,000
24Oregon$15,482,000
25South Dakota$9,811,000
26Idaho$5,870,000
27Wisconsin$3,991,000
28Virginia$3,453,000
29Nebraska$2,514,000
30North Carolina$1,801,000
31Indiana$768,000
32Tennessee$381,000
33Delaware$2,000
Source: U.S. Census Bureau

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