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Tuesday, November 5, 2024

Residents and visitors to Tennessee paid $22.7 billion in taxes in 2022

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Tennessee collected $22.7 billion in taxes in 2022, a 13.4 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 ($16.6 billion) and income taxes ($3 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 Tennessee Tax Collections
Type of TaxAmount
Property taxes$0
Sales and gross receipts taxes$16,585,002,000
License taxes$2,517,390,000
Income taxes$3,008,777,000
Miscellaneous taxes$538,996,000
General sales and gross receipts taxes$12,887,107,000
Selective sales and gross receipts taxes$3,697,895,000
Alcoholic beverages sales tax$292,498,000
Amusements sales tax$46,079,000
Insurance premiums sales tax$1,223,183,000
Motor fuels sales tax$1,274,055,000
Pari-mutuels sales tax$0
Public utilities sales tax$6,506,000
Tobacco products sales tax$228,231,000
Other selective sales and gross receipts taxes$627,343,000
Alcoholic beverages license$1,842,000
Amusements license$308,000
Corporations in general license$1,535,207,000
Hunting and fishing license$43,126,000
Motor vehicle license$398,576,000
Motor vehicle operators license$35,625,000
Public utilities license$6,099,000
Occupation and business license, NEC$486,472,000
Other license taxes$10,135,000
Individual income taxes$9,480,000
Corporations net income taxes$2,999,297,000
Death and gift taxes$640,000
Documentarty and stock transfer taxes$522,660,000
Severance taxes$826,000
Taxes, NEC$14,870,000

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