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Tax Revenue Generation
$141.56M
in state tax revenue generated by the automotive industry’s economic activity.
2%
of total state tax revenue
$100.78M
Federal income taxes
$316.50M
Vehicle use tax / licenses / fees
$89.41M
New vehicle sales taxes
$21.58M
Parts & services sales tax
$8.78M
Corporate profits taxes
$52.30M
Used vehicle sales taxes
Source: Multi-industry contribution analysis of the economic impact of automotive manufacturing, selling, repairing, renting, and additional maintenance modeled using IMPLAN economic analysis data software, 2023 data year.
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