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Ocean State Today

Monday, November 25, 2024

Residents and visitors to Rhode Island paid $4.3 billion in taxes in 2021

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Rhode Island collected $4.3 billion in taxes in 2021, a 23.2 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 ($2.1 billion) and income taxes ($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.

2021 Rhode Island Tax Collections
Type of TaxAmount
Property taxes$3,864,000
Sales and gross receipts taxes$2,131,988,000
License taxes$137,010,000
Income taxes$2,015,621,000
Miscellaneous taxes$55,857,000
General sales and gross receipts taxes$1,334,931,000
Selective sales and gross receipts taxes$797,057,000
Alcoholic beverages sales tax$22,112,000
Amusements sales tax$16,586,000
Insurance premiums sales tax$146,288,000
Motor fuels sales tax$130,104,000
Pari-mutuels sales tax$393,000
Public utilities sales tax$93,449,000
Tobacco products sales tax$158,682,000
Other selective sales and gross receipts taxes$229,443,000
Alcoholic beverages license$1,242,000
Amusements license$182,000
Corporations in general license$7,034,000
Hunting and fishing license$2,213,000
Motor vehicle license$28,168,000
Motor vehicle operators license$8,049,000
Public utilities license$2,624,000
Occupation and business license, NEC$80,859,000
Other license taxes$6,639,000
Individual income taxes$1,757,678,000
Corporations net income taxes$257,943,000
Death and gift taxes$38,141,000
Documentarty and stock transfer taxes$17,716,000
Severance taxes$0
Taxes, NEC$0

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