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Monday, November 4, 2024

Residents and visitors to North Carolina paid $38.5 billion in taxes in 2022

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North Carolina collected $38.5 billion in taxes in 2022, a 10.8 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 ($19.3 billion) and sales and gross receipts taxes ($16.3 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 North Carolina Tax Collections
Type of TaxAmount
Property taxes$0
Sales and gross receipts taxes$16,328,599,000
License taxes$2,657,879,000
Income taxes$19,303,124,000
Miscellaneous taxes$163,992,000
General sales and gross receipts taxes$11,039,816,000
Selective sales and gross receipts taxes$5,288,783,000
Alcoholic beverages sales tax$561,333,000
Amusements sales tax$6,000
Insurance premiums sales tax$1,003,553,000
Motor fuels sales tax$2,193,373,000
Pari-mutuels sales tax$0
Public utilities sales tax$295,000
Tobacco products sales tax$295,188,000
Other selective sales and gross receipts taxes$1,235,035,000
Alcoholic beverages license$31,434,000
Amusements license$117,000
Corporations in general license$1,012,322,000
Hunting and fishing license$41,449,000
Motor vehicle license$987,146,000
Motor vehicle operators license$118,066,000
Public utilities license$18,876,000
Occupation and business license, NEC$397,873,000
Other license taxes$50,596,000
Individual income taxes$17,672,005,000
Corporations net income taxes$1,631,119,000
Death and gift taxes$213,000
Documentarty and stock transfer taxes$162,055,000
Severance taxes$1,724,000
Taxes, NEC$0

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