Adobe Stock
Adobe Stock
North Carolina collected $752.1 million in taxes on general corporation licenses in 2020.
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 subcategory and how much was collected.
North Carolina Tax Collections 2021 vs. 2020
| Type of Tax | 2021 amount | 2020 amount |
|---|---|---|
| Documentarty and stock transfer taxes | $121,008,000 | $94,719,000 |
| Individual income taxes | $15,908,051,000 | $12,505,906,000 |
| Amusements sales tax | $16,000 | $48,000 |
| Corporations in general license | $990,019,000 | $752,141,000 |
| Occupation and business license, NEC | $379,170,000 | $335,928,000 |
| Death and gift taxes | $35,000 | $1,279,000 |
| Severance taxes | $1,801,000 | $1,724,000 |
| Motor fuels sales tax | $2,113,248,000 | $1,943,572,000 |
| Selective sales and gross receipts taxes | $4,850,582,000 | $4,365,724,000 |
| Corporations net income taxes | $1,515,650,000 | $662,343,000 |
| Other selective sales and gross receipts taxes | $1,170,712,000 | $1,005,705,000 |
| Insurance premiums sales tax | $725,207,000 | $675,023,000 |
| Motor vehicle license | $994,556,000 | $873,708,000 |
| Tobacco products sales tax | $307,357,000 | $288,657,000 |
| General sales and gross receipts taxes | $9,717,598,000 | $8,473,886,000 |
| Public utilities sales tax | $233,000 | $277,000 |
| Alcoholic beverages license | $5,306,000 | $24,477,000 |
| Motor vehicle operators license | $119,437,000 | $109,255,000 |
| Amusements license | $176,000 | $177,000 |
| Public utilities license | $18,331,000 | $18,943,000 |
| Other license taxes | $50,379,000 | $47,059,000 |
| Hunting and fishing license | $39,595,000 | $35,858,000 |
| Alcoholic beverages sales tax | $533,809,000 | $452,442,000 |
Alerts Sign-up