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Kent County Times

Wednesday, October 9, 2024

Residents and visitors to Rhode Island paid $3.5 billion in taxes in 2018

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Rhode Island collected $3.5 billion in taxes in 2018, a 6.6 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 sales and gross receipts taxes ($1.7 billion) and income taxes ($1.4 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 cautions that it sets the tax classifications among the survey categories, and 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.

2018 Rhode Island Tax Collections
Type of TaxAmount
Property taxes$2,704,000
Sales and gross receipts taxes$1,682,021,000
License taxes$102,202,000
Income taxes$1,447,270,000
Other taxes$248,903,000
General sales and gross receipts taxes$1,048,957,000
Selective sales and gross receipts taxes$633,064,000
Alcoholic beverages sales tax$19,918,000
Amusements sales tax$0
Insurance premiums sales tax$81,519,000
Motor fuels sales tax$79,858,000
Pari-mutuels sales tax$1,074,000
Public utilities sales tax$59,651,000
Tobacco products sales tax$146,691,000
Other selective sales and gross receipts taxes$244,353,000
Alcoholic beverages license$92,000
Amusements license$202,000
Corporations in general license$4,910,000
Hunting and fishing license$1,844,000
Motor vehicle license$20,755,000
Motor vehicle operators license$4,865,000
Public utilities license$2,070,000
Occupation and business license, nec$61,959,000
Other license taxes$5,505,000
Individual income taxes$1,329,152,000
Corporations net income taxes$118,118,000
Death and gift taxes$133,103,000
Documentary and stock transfer taxes$115,800,000
Severance taxes$0
Taxes, nec$0

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