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Sunday, December 22, 2024

Delaware collected 99.1% less in death and gift taxes in 2021

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Of the $5.4 billion in taxes collected by Delaware in 2021, $2,000 came from death and gift taxes, a 99.1 percent decrease from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Delaware collected $211,000 in death and gift taxes 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.

Delaware Tax Collections 2021 vs. 2020
Type of Tax2021 amount2020 amount
Corporations net income taxes$334,805,000$244,913,000
Public utilities license$550,000$531,000
Motor vehicle license$62,180,000$56,082,000
Tobacco products sales tax$115,700,000$119,153,000
Insurance premiums sales tax$123,324,000$118,599,000
Hunting and fishing license$4,492,000$4,136,000
Other license taxes$14,758,000$11,561,000
Pari-mutuels sales tax$39,000$51,000
Motor vehicle operators license$8,379,000$6,645,000
Documentarty and stock transfer taxes$246,549,000$186,158,000
Alcoholic beverages sales tax$32,719,000$25,204,000
Public utilities sales tax$45,518,000$50,905,000
Amusements license$333,000$284,000
Occupation and business license, NEC$161,821,000$127,014,000
Taxes, NEC$1,314,000$1,223,000
Alcoholic beverages license$1,693,000$1,468,000
Corporations in general license$1,822,622,000$1,643,896,000
Individual income taxes$2,148,289,000$1,685,848,000
Motor fuels sales tax$124,842,000$136,824,000
Selective sales and gross receipts taxes$587,923,000$585,504,000
Death and gift taxes$2,000$211,000
Severance taxes$2,000$0
Other selective sales and gross receipts taxes$145,781,000$134,768,000
Source: U.S. Census Bureau

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