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Friday, November 1, 2024

South Dakota ranks 26th in the U.S. for the most severance taxes paid in 2022

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In 2022, South Dakota collected $8,035,000 in severance taxes, ranking it 26th in the United States, according to the U.S. Census Bureau's Annual Survey of State Government Tax Collections (STC).

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 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.

U.S. severance taxes by State in 2022
RankStateAmount
1Texas$10,945,517,000
2North Dakota$2,858,236,000
3New Mexico$2,250,072,000
4Oklahoma$1,529,945,000
5Alaska$1,479,380,000
6Wyoming$770,487,000
7West Virginia$768,794,000
8Louisiana$491,032,000
9Colorado$306,810,000
10Montana$227,029,000
11Nevada$218,715,000
12California$128,600,000
13Kentucky$109,019,000
14Minnesota$104,616,000
15Utah$97,393,000
16Arkansas$84,054,000
17Kansas$70,203,000
18Ohio$61,026,000
19Alabama$60,853,000
20Mississippi$51,364,000
21Michigan$46,951,000
22Washington$41,103,000
23Arizona$37,355,000
24Florida$28,694,000
25Oregon$16,484,000
26South Dakota$8,035,000
27Idaho$5,828,000
28Nebraska$4,643,000
29Virginia$3,831,000
30Wisconsin$1,793,000
31North Carolina$1,724,000
32Indiana$1,483,000
33Tennessee$826,000
Source: U.S. Census Bureau

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