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Tax Revenue Generation
$676.78M
in state tax revenue generated by the automotive industry’s economic activity.
5%
of total state tax revenue
$96.17M
Federal income taxes
$1.48B
Vehicle use tax / licenses / fees
$230.75M
New vehicle sales taxes
$77.10M
Parts & services sales tax
$29.70M
Corporate profits taxes
$134.99M
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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