Motor vehicle operators license taxes revenue in Virginia decreased 40.7% in 2023 compared to previous year

Lt. Governor Pamela S. Evette
Lt. Governor Pamela S. Evette - Wikipedia
0Comments

Out of the $37.1 billion in total tax revenue collected by Virginia in 2023, $46.7 million came from motor vehicle operators license taxes, representing a decrease from the previous year, when the total was $78.9 million, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

The State Government Tax Collections (STC) survey tracks five major tax categories and up to 25 subcategories, gathering data from all 50 state governments and their dependent agencies.

The Census Bureau notes that it defines tax classifications consistently across states, which may differ from how individual states categorize them.

According to the U.S. Census Bureau, state and local governments collect a wide range of taxes to fund public programs and services. These revenues are typically allocated to areas such as transportation, education, and public safety. In 2024, state tax collections alone amounted to nearly $1.5 trillion nationwide, representing a significant part of overall government operations.

Below is a breakdown of how taxes were classified by subcategory and how much was collected.

Virginia Tax Collections 2023 vs. 2022
Type of Tax 2023 amount 2022 amount
Individual income taxes $16,645,280,000 $19,732,749,000
General sales and gross receipts taxes $7,427,094,000 $7,097,323,000
Selective sales and gross receipts taxes $6,601,425,000 $5,834,004,000
Corporation net income taxes $4,369,396,000 $2,651,427,000
Other selective sales and gross receipts taxes $2,920,520,000 $2,470,888,000
Motor fuels sales taxes $1,815,165,000 $1,596,148,000
Insurance premiums sales taxes $733,514,000 $683,923,000
Documentary and stock transfer taxes $560,314,000 $853,896,000
Motor vehicle license taxes $522,083,000 $471,211,000
Occupation and businesses license taxes $520,392,000 $313,906,000
Public utilities sales taxes $485,809,000 $491,211,000
Alcoholic beverages sales taxes $282,498,000 $274,380,000
Tobacco products sales taxes $246,243,000 $278,758,000
Other taxes, NEC $105,894,000 $108,397,000
Amusements license taxes $81,397,000 $37,206,000
Corporations in general license taxes $81,072,000 $78,259,000
Other license taxes $65,532,000 $67,397,000
Motor vehicle operators license taxes $46,732,000 $78,868,000
Amusements sales taxes $46,124,000 $37,153,000
Hunting and fishing license taxes $26,758,000 $26,942,000
Alcoholic beverages license taxes $16,845,000 $16,474,000
Severance taxes $3,538,000 $3,831,000
Public utilities license taxes $697,000 $716,000

Information in this story was obtained from the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC). The source data can be found here.



Related

Jay Jones, Attorney General of Virginia

Attorney General secures safe return of giraffe calves after Natural Bridge Zoo investigation

The Office of the Attorney General announced it has secured the safe return of missing giraffe calves linked to Natural Bridge Zoo following an extensive investigation. The animals have been placed in specialized care as authorities continue a criminal probe into their disappearance.

Honorable Cynthia I. Newbille Council President

Richmond DPU addresses utility payment posting delays and suspends disconnections

The Richmond Department of Public Utilities is addressing delays in posting recent customer payments due to a processing issue. Disconnections and flow restrictor installations are suspended, and late fees tied to these delays will be removed. Customers are urged not to make duplicate payments if they have already received confirmation.

Mayor Donnie Tuck, City Of Hampton

Hampton History Museum announces new dates for archaeology summer camp for children

The Hampton History Museum has scheduled its archaeology summer camp for July 27-31 for children ages 8-12. Campers will explore local archaeological sites and create their own exhibits while learning about Hampton’s historical significance.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Old Dominion News.