Quantcast

Centennial State News

Monday, December 23, 2024

Colorado collected 6.8% less in motor fuels sales tax in 2021

Adobestock 174471984

Adobe Stock

Adobe Stock

Of the $18.8 billion in taxes collected by Colorado in 2021, $618.7 million came from motor fuels sales tax, a 6.8 percent decrease from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Colorado collected $663.9 million in motor fuels sales tax in 2020.

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 2021 vs. 2020
Type of Tax2021 amount2020 amount
Motor vehicle license$458,464,000$428,841,000
Tobacco products sales tax$227,872,000$187,129,000
Insurance premiums sales tax$347,690,000$337,655,000
Hunting and fishing license$115,697,000$112,800,000
Other license taxes$36,000$45,000
Pari-mutuels sales tax$306,000$387,000
Motor vehicle operators license$44,038,000$39,744,000
Alcoholic beverages sales tax$53,433,000$49,778,000
General sales and gross receipts taxes$3,660,590,000$3,400,110,000
Amusements license$960,000$756,000
Occupation and business license, NEC$53,943,000$52,221,000
Alcoholic beverages license$6,138,000$7,639,000
Corporations in general license$25,975,000$23,474,000
Individual income taxes$10,246,531,000$7,539,184,000
Motor fuels sales tax$618,724,000$663,889,000
Selective sales and gross receipts taxes$2,912,346,000$2,611,871,000
Other selective sales and gross receipts taxes$1,548,697,000$1,284,348,000
Corporations net income taxes$1,278,046,000$696,612,000
Amusements sales tax$115,624,000$88,685,000
Public utilities license$15,084,000$13,309,000
Source: U.S. Census Bureau

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