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Sunday, November 17, 2024

Residents and visitors to Maryland paid $22.4 billion in taxes in 2018

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Maryland collected $22.4 billion in taxes in 2018, a 3.8 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 income taxes ($10.5 billion) and sales and gross receipts taxes ($9.6 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 cautions that 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.

2018 Maryland Tax Collections
Type of TaxAmount
Property taxes$808,763,000
Sales and gross receipts taxes$9,567,244,000
License taxes$850,913,000
Income taxes$10,540,951,000
Other taxes$659,166,000
General sales and gross receipts taxes$4,716,179,000
Selective sales and gross receipts taxes$4,851,065,000
Alcoholic beverages sales tax$31,682,000
Amusements sales tax$1,022,368,000
Insurance premiums sales tax$541,758,000
Motor fuels sales tax$1,084,195,000
Pari-mutuels sales tax$1,175,000
Public utilities sales tax$145,437,000
Tobacco products sales tax$372,724,000
Other selective sales and gross receipts taxes$1,651,726,000
Alcoholic beverages license$1,524,000
Amusements license$1,953,000
Corporations in general license$119,084,000
Hunting and fishing license$17,207,000
Motor vehicle license$501,417,000
Motor vehicle operators license$27,929,000
Public utilities license$0
Occupation and business license, nec$179,997,000
Other license taxes$1,802,000
Individual income taxes$9,507,776,000
Corporations net income taxes$1,033,175,000
Death and gift taxes$214,378,000
Documentary and stock transfer taxes$241,668,000
Severance taxes$0
Taxes, nec$203,120,000

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