Table V
Tax Sources in Vermont - 1964

This table from Chapter 8 shows that in 1964 the main sources of state revenue were the income tax, corporation franchise tax, inheritance tax, gasoline and motor vehicle taxes, and several excise taxes, as the following table demonstrates. The single source of greatest revenue is from the purchase and use of automobiles accounting for more than twenty million dollars. Income and state taxes are a close second and the various sales taxes are third in revenue yielded.

Collected by Commissioner of Taxes

    Personal Taxes
Franchise Tax
$  2,568,396.67
Income Tax
  14,538,589.84
Inheritance Tax
    1,490,801.16
    Special Sales Taxes
Beverage Tax
    1,394,252.75
Cigarette Tax
    3,870,520.48
Liquor and Wine Tax
    3,620,152.79
Meals and Rooms Tax
    1,366,442.73
Tobacco Products Tax
        234,619.33
Licenses
          35,819.10
    Business Taxes
Electrical Energy Tax
        315,320.83
Insurance Premium Tax
    1,375,562.84
Railroad and Transportation Companies Tax
        361,104.20
Telephone Companies Tax
        924,102.10
Miscellaneous Utility Taxes and Fees
          10,859.87
Unorganized Towns and Gores
          26,946.80 
$32,142,491.49

Collected By Commissioner of Motor Vehicles

Gasoline Tax
$  9,528,117.54
Motor Vehicle Fees
  8,683,292.30
Purchase and Use Tax
   1,882,474.90 
   20,093,884.74
TOTAL $ 52,236,376.23
Data from Biennial Report of the Commissioner of Taxes, 1964, p. 13, and Report of Finances for fiscal year 1964, p.41.

Information on 1996 revenues can be found in the State Funds and Revenues section of the State of Vermont Information Sheet 

Table VI

Nuquist Index

Comments to: crs@uvm.edu Reviewed on 6/23/97