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Thursday, November 21, 2024

Illinois ranks 20th in the U.S. for the most documentarty and stock transfer taxes paid in 2021

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In 2021, Illinois collected $88.4 million in documentarty and stock transfer taxes, ranking it 20th in the United States, according to the U.S. Census Bureau's Annual Survey of State Government Tax Collections (STC).

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 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.

U.S. documentarty and stock transfer taxes by State in 2021
RankStateAmount
1Florida$4,846,085,000
2Washington$1,810,495,000
3New York$1,387,474,000
4Virginia$810,105,000
5Pennsylvania$787,842,000
6District of Columbia$553,515,000
7New Jersey$495,943,000
8Massachusetts$479,389,000
9Michigan$411,412,000
10Minnesota$410,830,000
11Tennessee$392,898,000
12Connecticut$378,209,000
13Maryland$269,373,000
14Delaware$246,549,000
15New Hampshire$202,700,000
16South Carolina$183,899,000
17Nevada$144,312,000
18North Carolina$121,008,000
19Wisconsin$106,166,000
20Illinois$88,379,000
21Alabama$80,496,000
22Vermont$71,421,000
23Arkansas$67,983,000
24Hawaii$62,723,000
25Maine$52,186,000
26Iowa$30,598,000
27Oklahoma$27,171,000
28Nebraska$21,139,000
29Arizona$19,160,000
30Rhode Island$17,716,000
31West Virginia$15,913,000
32Missouri$14,599,000
33Kentucky$3,592,000
34Oregon$1,957,000
35South Dakota$199,000
Source: U.S. Census Bureau

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