Adobe Stock
Adobe Stock
Most tax revenue came from sales and gross receipts taxes ($10.3 billion) and income taxes ($1.9 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 Tennessee Tax Collections
| Type of Tax | Amount |
|---|---|
| Property taxes | $0 |
| Sales and gross receipts taxes | $10,343,084,000 |
| License taxes | $1,763,747,000 |
| Income taxes | $1,890,667,000 |
| Other taxes | $271,563,000 |
| General sales and gross receipts taxes | $7,469,547,000 |
| Selective sales and gross receipts taxes | $2,873,537,000 |
| Alcoholic beverages sales tax | $201,713,000 |
| Amusements sales tax | $0 |
| Insurance premiums sales tax | $970,831,000 |
| Motor fuels sales tax | $1,086,693,000 |
| Pari-mutuels sales tax | $0 |
| Public utilities sales tax | $8,520,000 |
| Tobacco products sales tax | $248,673,000 |
| Other selective sales and gross receipts taxes | $357,107,000 |
| Alcoholic beverages license | $1,862,000 |
| Amusements license | $283,000 |
| Corporations in general license | $920,053,000 |
| Hunting and fishing license | $36,730,000 |
| Motor vehicle license | $357,692,000 |
| Motor vehicle operators license | $59,648,000 |
| Public utilities license | $6,039,000 |
| Occupation and business license, nec | $372,981,000 |
| Other license taxes | $8,459,000 |
| Individual income taxes | $246,508,000 |
| Corporations net income taxes | $1,644,159,000 |
| Death and gift taxes | $0 |
| Documentary and stock transfer taxes | $251,574,000 |
| Severance taxes | $1,025,000 |
| Taxes, nec | $18,964,000 |
Alerts Sign-up