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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.
Colorado Tax Collections 2020 vs. 2019
Type of Tax | 2020 amount | 2019 amount |
---|---|---|
Individual income taxes | $7,539,184,000 | $8,171,546,000 |
Tobacco products sales tax | $187,129,000 | $189,687,000 |
Pari-mutuels sales tax | $387,000 | $508,000 |
Corporations net income taxes | $696,612,000 | $794,659,000 |
Motor vehicle license | $428,841,000 | $458,234,000 |
Severance taxes | $147,878,000 | $217,945,000 |
Public utilities license | $13,309,000 | $15,835,000 |
Alcoholic beverages sales tax | $49,778,000 | $48,172,000 |
Hunting and fishing license | $112,800,000 | $99,128,000 |
Motor fuels sales tax | $663,889,000 | $676,881,000 |
Insurance premiums sales tax | $337,655,000 | $314,935,000 |
Other license taxes | $45,000 | $58,000 |
General sales and gross receipts taxes | $3,400,110,000 | $3,375,058,000 |
Amusements license | $756,000 | $828,000 |
Selective sales and gross receipts taxes | $2,611,871,000 | $2,613,477,000 |
Amusements sales tax | $88,685,000 | $124,865,000 |
Alcoholic beverages license | $7,639,000 | $8,260,000 |
Motor vehicle operators license | $39,744,000 | $41,896,000 |
Other selective sales and gross receipts taxes | $1,284,348,000 | $1,258,429,000 |
Corporations in general license | $23,474,000 | $22,167,000 |
Occupation and business license, NEC | $52,221,000 | $50,743,000 |