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Wednesday, November 6, 2024

Residents and visitors to South Dakota paid $2 billion in taxes in 2020

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South Dakota collected $2 billion in taxes in 2020, a 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 sales and gross receipts taxes ($1.7 billion) and license taxes ($295.4 million).

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.

2020 South Dakota Tax Collections
Type of TaxAmount
Property taxes$0
Sales and gross receipts taxes$1,678,709,000
License taxes$295,378,000
Income taxes$37,459,000
Miscellaneous taxes$6,877,000
General sales and gross receipts taxes$1,204,351,000
Selective sales and gross receipts taxes$474,358,000
Alcoholic beverages sales tax$18,505,000
Amusements sales tax$8,431,000
Insurance premiums sales tax$88,120,000
Motor fuels sales tax$188,356,000
Pari-mutuels sales tax$98,000
Public utilities sales tax$3,179,000
Tobacco products sales tax$51,081,000
Other selective sales and gross receipts taxes$116,588,000
Alcoholic beverages license$1,321,000
Amusements license$5,892,000
Corporations in general license$6,675,000
Hunting and fishing license$31,020,000
Motor vehicle license$84,815,000
Motor vehicle operators license$4,912,000
Public utilities license$0
Occupation and business license, NEC$134,857,000
Other license taxes$25,886,000
Individual income taxes$0
Corporations net income taxes$37,459,000
Death and gift taxes$0
Documentarty and stock transfer taxes$181,000
Severance taxes$5,881,000
Taxes, NEC$815,000

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