Of the $4.3 billion in taxes collected by Rhode Island in 2021, $3.9 million came from property taxes, a 35.9 percent increase over the previous year, 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 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.
Rhode Island Tax Collections 2021 vs. 2020
| Type of Tax | 2021 amount | 2020 amount |
|---|---|---|
| Corporations in general license | $7,034,000 | $5,266,000 |
| Alcoholic beverages license | $1,242,000 | $86,000 |
| Individual income taxes | $1,757,678,000 | $1,241,856,000 |
| Insurance premiums sales tax | $146,288,000 | $117,315,000 |
| Public utilities sales tax | $93,449,000 | $105,991,000 |
| Alcoholic beverages sales tax | $22,112,000 | $20,115,000 |
| Other license taxes | $6,639,000 | $6,261,000 |
| Sales and gross receipts taxes | $2,131,988,000 | $1,878,089,000 |
| Public utilities license | $2,624,000 | $2,440,000 |
| Pari-mutuels sales tax | $393,000 | $845,000 |
| Corporations net income taxes | $257,943,000 | $213,303,000 |
| Motor vehicle operators license | $8,049,000 | $5,417,000 |
| License taxes | $137,010,000 | $120,821,000 |
| General sales and gross receipts taxes | $1,334,931,000 | $1,157,312,000 |
| Motor vehicle license | $28,168,000 | $29,627,000 |
| Selective sales and gross receipts taxes | $797,057,000 | $720,777,000 |
| Motor fuels sales tax | $130,104,000 | $71,415,000 |
| Amusements sales tax | $16,586,000 | $0 |
| Property taxes | $3,864,000 | $2,843,000 |
| Amusements license | $182,000 | $189,000 |
| Death and gift taxes | $38,141,000 | $56,325,000 |
| Other taxes | $55,857,000 | $69,874,000 |
| Documentarty and stock transfer taxes | $17,716,000 | $13,549,000 |
| Other selective sales and gross receipts taxes | $229,443,000 | $266,335,000 |
| Occupation and business license, NEC | $80,859,000 | $69,691,000 |
| Hunting and fishing license | $2,213,000 | $1,844,000 |
| Tobacco products sales tax | $158,682,000 | $138,761,000 |
| Income taxes | $2,015,621,000 | $1,455,159,000 |
Source: U.S. Census Bureau
