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Thursday, November 7, 2024

Residents and visitors to Virginia paid $36.8 billion in taxes in 2022

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Virginia collected $36.8 billion in taxes in 2022, a 13.7 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 ($21.7 billion) and sales and gross receipts taxes ($12.9 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 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 Virginia Tax Collections
Type of TaxAmount
Property taxes$54,712,000
Sales and gross receipts taxes$12,931,327,000
License taxes$1,090,979,000
Income taxes$21,711,446,000
Miscellaneous taxes$966,153,000
General sales and gross receipts taxes$7,097,323,000
Selective sales and gross receipts taxes$5,834,004,000
Alcoholic beverages sales tax$274,380,000
Amusements sales tax$37,153,000
Insurance premiums sales tax$683,923,000
Motor fuels sales tax$1,596,148,000
Pari-mutuels sales tax$1,543,000
Public utilities sales tax$491,211,000
Tobacco products sales tax$278,758,000
Other selective sales and gross receipts taxes$2,470,888,000
Alcoholic beverages license$16,474,000
Amusements license$37,206,000
Corporations in general license$78,259,000
Hunting and fishing license$26,942,000
Motor vehicle license$471,211,000
Motor vehicle operators license$78,868,000
Public utilities license$716,000
Occupation and business license, NEC$313,906,000
Other license taxes$67,397,000
Individual income taxes$19,732,749,000
Corporations net income taxes$1,978,697,000
Death and gift taxes$29,000
Documentarty and stock transfer taxes$853,896,000
Severance taxes$3,831,000
Taxes, NEC$108,397,000

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