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Most tax revenue came from sales and gross receipts taxes ($1.1 billion) and property taxes ($1.1 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 Vermont Tax Collections
Type of Tax | Amount |
---|---|
Property taxes | $1,065,767,000 |
Sales and gross receipts taxes | $1,095,321,000 |
License taxes | $126,404,000 |
Income taxes | $930,149,000 |
Other taxes | $66,590,000 |
General sales and gross receipts taxes | $397,691,000 |
Selective sales and gross receipts taxes | $697,630,000 |
Alcoholic beverages sales tax | $26,892,000 |
Amusements sales tax | $0 |
Insurance premiums sales tax | $59,370,000 |
Motor fuels sales tax | $82,953,000 |
Pari-mutuels sales tax | $0 |
Public utilities sales tax | $8,878,000 |
Tobacco products sales tax | $71,078,000 |
Other selective sales and gross receipts taxes | $448,459,000 |
Alcoholic beverages license | $469,000 |
Amusements license | $23,000 |
Corporations in general license | $3,686,000 |
Hunting and fishing license | $7,294,000 |
Motor vehicle license | $72,957,000 |
Motor vehicle operators license | $11,972,000 |
Public utilities license | $0 |
Occupation and business license, nec | $25,674,000 |
Other license taxes | $4,329,000 |
Individual income taxes | $819,330,000 |
Corporations net income taxes | $110,819,000 |
Death and gift taxes | $22,935,000 |
Documentary and stock transfer taxes | $38,366,000 |
Severance taxes | $0 |
Taxes, nec | $5,289,000 |