Rhode Island collected $4.8 billion in taxes in 2022, a 10.4 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 ($2.4 billion) and income taxes ($2.2 billion).
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.
2022 Rhode Island Tax Collections
| Type of Tax | Amount |
|---|---|
| Property taxes | $4,135,000 |
| Sales and gross receipts taxes | $2,355,494,000 |
| License taxes | $150,403,000 |
| Income taxes | $2,229,803,000 |
| Miscellaneous taxes | $56,195,000 |
| General sales and gross receipts taxes | $1,499,910,000 |
| Selective sales and gross receipts taxes | $855,584,000 |
| Alcoholic beverages sales tax | $23,324,000 |
| Amusements sales tax | $20,385,000 |
| Insurance premiums sales tax | $159,612,000 |
| Motor fuels sales tax | $138,906,000 |
| Pari-mutuels sales tax | $515,000 |
| Public utilities sales tax | $89,400,000 |
| Tobacco products sales tax | $144,900,000 |
| Other selective sales and gross receipts taxes | $278,542,000 |
| Alcoholic beverages license | $1,412,000 |
| Amusements license | $265,000 |
| Corporations in general license | $8,873,000 |
| Hunting and fishing license | $2,176,000 |
| Motor vehicle license | $32,582,000 |
| Motor vehicle operators license | $8,554,000 |
| Public utilities license | $2,809,000 |
| Occupation and business license, NEC | $86,715,000 |
| Other license taxes | $7,017,000 |
| Individual income taxes | $1,939,003,000 |
| Corporations net income taxes | $290,800,000 |
| Death and gift taxes | $35,700,000 |
| Documentarty and stock transfer taxes | $20,495,000 |
| Severance taxes | $0 |
| Taxes, NEC | $0 |
