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Thursday, November 7, 2024

Residents and visitors to South Dakota paid $2.1 billion in taxes in 2021

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South Dakota collected $2.1 billion in taxes in 2021, a 6.5 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 ($1.8 billion) and license taxes ($300.7 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.

2021 South Dakota Tax Collections
Type of TaxAmount
Property taxes$0
Sales and gross receipts taxes$1,783,982,000
License taxes$300,687,000
Income taxes$53,960,000
Miscellaneous taxes$10,914,000
General sales and gross receipts taxes$1,273,575,000
Selective sales and gross receipts taxes$510,407,000
Alcoholic beverages sales tax$20,021,000
Amusements sales tax$11,045,000
Insurance premiums sales tax$90,063,000
Motor fuels sales tax$189,881,000
Pari-mutuels sales tax$120,000
Public utilities sales tax$3,236,000
Tobacco products sales tax$52,328,000
Other selective sales and gross receipts taxes$143,713,000
Alcoholic beverages license$1,409,000
Amusements license$5,210,000
Corporations in general license$7,398,000
Hunting and fishing license$32,117,000
Motor vehicle license$89,194,000
Motor vehicle operators license$5,942,000
Public utilities license$0
Occupation and business license, NEC$136,919,000
Other license taxes$22,498,000
Individual income taxes$0
Corporations net income taxes$53,960,000
Death and gift taxes$0
Documentarty and stock transfer taxes$199,000
Severance taxes$9,811,000
Taxes, NEC$904,000

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