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Thursday, November 7, 2024

South Dakota collected 22.4% more in pari-mutuels sales tax in 2021

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Of the $2.1 billion in taxes collected by South Dakota in 2021, $120,000 came from pari-mutuels sales tax, a 22.4 percent increase over the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

South Dakota collected $98,000 in pari-mutuels sales tax in 2020.

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 2021 vs. 2020
Type of Tax2021 amount2020 amount
Corporations net income taxes$53,960,000$37,459,000
Other selective sales and gross receipts taxes$143,713,000$116,588,000
Insurance premiums sales tax$90,063,000$88,120,000
General sales and gross receipts taxes$1,273,575,000$1,204,351,000
Tobacco products sales tax$52,328,000$51,081,000
Public utilities sales tax$3,236,000$3,179,000
Other license taxes$22,498,000$25,886,000
Amusements license$5,210,000$5,892,000
Alcoholic beverages license$1,409,000$1,321,000
Motor vehicle operators license$5,942,000$4,912,000
Hunting and fishing license$32,117,000$31,020,000
Pari-mutuels sales tax$120,000$98,000
Severance taxes$9,811,000$5,881,000
Alcoholic beverages sales tax$20,021,000$18,505,000
Corporations in general license$7,398,000$6,675,000
Documentarty and stock transfer taxes$199,000$181,000
Amusements sales tax$11,045,000$8,431,000
Taxes, NEC$904,000$815,000
Occupation and business license, NEC$136,919,000$134,857,000
Motor vehicle license$89,194,000$84,815,000
Motor fuels sales tax$189,881,000$188,356,000
Selective sales and gross receipts taxes$510,407,000$474,358,000
Source: U.S. Census Bureau

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