State tax collections increase for fiscal year 2012


January 7, 2013 · 2:39 PM

State tax collections increased 0.9 percent to $16.2 billion in Fiscal Year 2012, according to Tax Statistics 2012, published online by the Washington State Department of Revenue.

State sales and use taxes were the largest component of state tax collections at $7.2 billion, or 44.8 percent of total state taxes.  Business and occupation tax collections came in second at $3.1 billion, or 19.4 percent, followed by the state property tax levy at $1.9 billion or 11.7 percent.  Motor fuels taxes were fourth at $1.2 billion or 7.3 percent.

Real estate excise taxes, which reached nearly $1.2 billion in Fiscal Year 2007, came in at $422 million, or 2.6 percent of the total.

In addition to a compilation of state taxes by type, the annual report provides local excise tax collections, new business registrations, businesses by county, and historical tax collections. Visit the following website to view the entire report: http://dor.wa.gov/Content/AboutUs/StatisticsAndReports/2012/Tax_Statistics_2012/default.aspx

Comment on this story.

COMMENTING RULES: We encourage an open exchange of ideas in our online community, but we ask you to follow our guidelines for respecting community standards. In a nutshell, don't say anything you wouldn't want your mother to read. Please see our FAQ if you have questions or concerns about using Facebook to comment.

So keep your comments:

  • Civil
  • Smart
  • On-topic
  • Free of profanity

We ask that all participants own their words by logging in with their Facebook account. It's a simple process that will take seconds and helps keep our comments free of trolls, cranks, and “drive-by” commenters. We reserve the right to remove comments from anyone using screen names, pseudonyms or false identities. Please refer to our Terms of Use for full detail on participating on our site.