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Friday, December 27, 2024

Hawaii ranks 21st in the U.S. for the most documentarty and stock transfer taxes paid in 2020

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In 2020, Hawaii collected $61.1 million in documentarty and stock transfer taxes, ranking it 21st 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 2020
RankStateAmount
1Florida$3,317,815,000
2New York$1,278,846,000
3Washington$1,226,500,000
4Pennsylvania$636,662,000
5Virginia$554,295,000
6New Jersey$544,460,000
7District of Columbia$452,739,000
8Michigan$404,871,000
9Massachusetts$356,284,000
10Minnesota$317,509,000
11Tennessee$304,090,000
12Maryland$227,050,000
13Delaware$186,158,000
14Connecticut$175,028,000
15New Hampshire$152,084,000
16South Carolina$136,197,000
17Nevada$108,061,000
18North Carolina$94,719,000
19Wisconsin$77,430,000
20Illinois$76,935,000
21Hawaii$61,110,000
22Alabama$60,391,000
23Arkansas$51,505,000
24Maine$41,525,000
25Vermont$39,775,000
26Iowa$23,334,000
27Oklahoma$21,457,000
28Arizona$18,830,000
29Nebraska$18,581,000
30Rhode Island$13,549,000
31Missouri$13,530,000
32West Virginia$12,188,000
33Kentucky$3,491,000
34Oregon$1,957,000
35South Dakota$181,000
Source: U.S. Census Bureau

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