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New Jersey collected $5.2 billion in selective sales and gross receipts 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.
New Jersey Tax Collections 2021 vs. 2020
| Type of Tax | 2021 amount | 2020 amount |
|---|---|---|
| Corporations net income taxes | $5,959,760,000 | $3,565,191,000 |
| Other selective sales and gross receipts taxes | $2,023,002,000 | $2,105,318,000 |
| Insurance premiums sales tax | $639,103,000 | $686,682,000 |
| Motor vehicle license | $681,061,000 | $628,977,000 |
| Tobacco products sales tax | $601,614,000 | $583,839,000 |
| Public utilities license | $21,565,000 | $21,565,000 |
| General sales and gross receipts taxes | $12,803,267,000 | $11,068,018,000 |
| Public utilities sales tax | $935,252,000 | $910,079,000 |
| Motor vehicle operators license | $60,487,000 | $53,070,000 |
| Hunting and fishing license | $15,989,000 | $14,827,000 |
| Alcoholic beverages license | $4,662,000 | $3,492,000 |
| Amusements license | $60,072,000 | $54,425,000 |
| Other license taxes | $2,065,000 | $1,852,000 |
| Alcoholic beverages sales tax | $174,692,000 | $151,731,000 |
| Individual income taxes | $16,833,495,000 | $15,412,766,000 |
| Amusements sales tax | $308,883,000 | $278,199,000 |
| Corporations in general license | $517,923,000 | $374,586,000 |
| Documentarty and stock transfer taxes | $495,943,000 | $544,460,000 |
| Occupation and business license, NEC | $622,514,000 | $538,792,000 |
| Motor fuels sales tax | $386,173,000 | $487,883,000 |
| Selective sales and gross receipts taxes | $5,068,719,000 | $5,203,731,000 |
| Death and gift taxes | $530,341,000 | $436,756,000 |
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