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Wednesday, November 6, 2024

Residents and visitors to Colorado paid $21.7 billion in taxes in 2022

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Colorado collected $21.7 billion in taxes in 2022, a 15.4 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 income taxes ($13.2 billion) and sales and gross receipts taxes ($7.5 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 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 the bureau and how much was collected.

2022 Colorado Tax Collections
Type of TaxAmount
Property taxes$0
Sales and gross receipts taxes$7,491,009,000
License taxes$718,795,000
Income taxes$13,194,479,000
Miscellaneous taxes$306,810,000
General sales and gross receipts taxes$4,286,196,000
Selective sales and gross receipts taxes$3,204,813,000
Alcoholic beverages sales tax$55,555,000
Amusements sales tax$153,595,000
Insurance premiums sales tax$338,355,000
Motor fuels sales tax$665,944,000
Pari-mutuels sales tax$373,000
Public utilities sales tax$0
Tobacco products sales tax$352,438,000
Other selective sales and gross receipts taxes$1,638,553,000
Alcoholic beverages license$6,263,000
Amusements license$978,000
Corporations in general license$24,014,000
Hunting and fishing license$119,501,000
Motor vehicle license$436,209,000
Motor vehicle operators license$47,673,000
Public utilities license$16,545,000
Occupation and business license, NEC$67,582,000
Other license taxes$30,000
Individual income taxes$11,685,999,000
Corporations net income taxes$1,508,480,000
Death and gift taxes$0
Documentarty and stock transfer taxes$0
Severance taxes$306,810,000
Taxes, NEC$0

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