That’s the estimated amount of taxes collected by New York in the first quarter of this year, according to recently released data from the U.S. Census Bureau.
New York collected more taxes than any other state except California during the months of January, February and March, according to the Quarterly Summary of State & Local Tax Revenue, which surveys states on tax collections.
Individual incomes taxes make up largest portion of state tax revenue at $11.4 billion or 69 percent. General sales taxes and gross receipts account for $2.9 billion, or 15 percent. Net income taxes from corporations totaled $1.5 billion or 8 percent. Property taxes are not included because the state doesn’t collect them.
California collected the most: $27.1 billion in taxes during the first quarter, while South Dakota brought in the least: $374 million. Nationally, states collected nearly $191.1 billion in taxes (including Washington, D.C.)
Here are New York’s tax collections by category.
(Dollars in thousands)
General sales and gross receipts, $2,907,624
Motor fuel sales taxes, $399,249
Alcoholic beverages, $59,339
Public utilities, $333,626
Tobacco products, $341,203
Other selective sales and gross receipts, $1,066,197
Public utilities, $13,168
Motor vehicles, $28,600
Motor vehicle operator, $32,171
Corporations in general, $18,248
Hunting and fishing licenses, $15,252
Occupation and business licenses, $43,243
Other licenses taxes, $225
Individual income taxes, $11,449,988
Corporation net income taxes, $1,542,406
Death and gift taxes, $223,798
Documentary and stock transfer taxes, $146,438
Other miscellaneous taxes, $437,625
For more information on state tax collections, visit http://www.census.gov/govs/qtax.