Adobe Stock
Adobe Stock
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 Tax | Amount |
---|---|
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 |