Tennessee ranks 33rd in the U.S. for the most severance taxes paid in 2022

Adobe Stock
Adobe Stock
0Comments

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

Source: U.S. Census Bureau



Related

Jim Brown State Director at  NFIB - National Federation of Independent Business - Tennessee

State honors NFIB member Light Hill Meats with rural small business award

On August 25, Representative Clay Doggett presented a state resolution to Ben and Lauren Neale, recognizing them for being named the Small Business Administration’s Rural Small Business of the Year.

Joseph C. Murphy, Jr. Interim United States Attorney at Western District Of Tennessee - United States Attorney%27s Office Western District Of Tennessee

Memphis woman sentenced for defrauding federal COVID-19 relief program

A Memphis resident has been sentenced to federal prison for defrauding a COVID-19 relief program.

Robert E. McGuire, U.S. Attorney - U.S. Attorney%27s Office for the Middle District of Tennessee

Murfreesboro woman charged with threatening U.S. Senator Marsha Blackburn

Penelope R. Convertino, a 22-year-old resident of Murfreesboro, has been charged with making a threat to murder U.S. Senator Marsha Blackburn.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Volunteer State News.