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Wednesday, November 6, 2024

South Dakota collected 24.6% less in pari-mutuels sales tax in 2020

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Of the $2 billion in taxes collected by South Dakota in 2020, $98,000 came from pari-mutuels sales tax, a 24.6 percent decrease from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

South Dakota collected $130,000 in pari-mutuels sales tax in 2019.

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.

South Dakota Tax Collections 2020 vs. 2019
Type of Tax2020 amount2019 amount
Insurance premiums sales tax$88,120,000$90,906,000
Motor vehicle operators license$4,912,000$4,762,000
Severance taxes$5,881,000$5,770,000
Documentarty and stock transfer taxes$181,000$189,000
Occupation and business license, NEC$134,857,000$117,943,000
General sales and gross receipts taxes$1,204,351,000$1,144,682,000
Other selective sales and gross receipts taxes$116,588,000$113,543,000
Motor vehicle license$84,815,000$84,902,000
Amusements sales tax$8,431,000$9,005,000
Taxes, NEC$815,000$0
Tobacco products sales tax$51,081,000$45,760,000
Alcoholic beverages sales tax$18,505,000$17,571,000
Corporations net income taxes$37,459,000$46,295,000
Public utilities sales tax$3,179,000$3,236,000
Alcoholic beverages license$1,321,000$1,214,000
Amusements license$5,892,000$5,851,000
Motor fuels sales tax$188,356,000$189,831,000
Pari-mutuels sales tax$98,000$130,000
Hunting and fishing license$31,020,000$29,206,000
Other license taxes$25,886,000$23,351,000
Corporations in general license$6,675,000$6,268,000
Selective sales and gross receipts taxes$474,358,000$469,982,000
Source: U.S. Census Bureau

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