Quantcast

East Pennyroyal News

Saturday, November 16, 2024

Residents and visitors to Kentucky paid $12.1 billion in taxes in 2018

Adobestock 308761831

Adobe Stock

Adobe Stock

Kentucky collected $12.1 billion in taxes in 2018, a 1.3 percent increase from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Most tax revenue came from sales and gross receipts taxes ($5.7 billion) and income taxes ($5 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 Kentucky Tax Collections
Type of TaxAmount
Property taxes$660,902,000
Sales and gross receipts taxes$5,714,427,000
License taxes$499,502,000
Income taxes$5,010,439,000
Other taxes$174,700,000
General sales and gross receipts taxes$3,600,598,000
Selective sales and gross receipts taxes$2,113,829,000
Alcoholic beverages sales tax$145,648,000
Amusements sales tax$196,000
Insurance premiums sales tax$165,161,000
Motor fuels sales tax$702,651,000
Pari-mutuels sales tax$7,704,000
Public utilities sales tax$61,126,000
Tobacco products sales tax$228,749,000
Other selective sales and gross receipts taxes$802,594,000
Alcoholic beverages license$6,801,000
Amusements license$279,000
Corporations in general license$115,618,000
Hunting and fishing license$30,531,000
Motor vehicle license$211,646,000
Motor vehicle operators license$16,795,000
Public utilities license$0
Occupation and business license, nec$112,292,000
Other license taxes$5,540,000
Individual income taxes$4,499,086,000
Corporations net income taxes$511,353,000
Death and gift taxes$48,248,000
Documentary and stock transfer taxes$3,480,000
Severance taxes$122,972,000
Taxes, nec$0

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS