Wal-Mart Stores Inc., the nation’s largest retailer, has paid more than $600 million in state and local taxes since 2006, according to a federal watchdog group.
The money was paid for property and other expenses.
A new study released Tuesday by the Taxpayers Protection Alliance found that nearly two-thirds of the payments to states and local governments came in the form of property tax increases.
The group said that if lawmakers were to pass a measure that would reduce the tax, more than 2.6 million Americans would be forced to pay more.
Taxpayers group says ‘big money’ from Walmart to help states and cities Read moreThe tax was imposed by the Internal Revenue Service in 2004 to help pay for the state and municipal governments’ tax-exempt bonds, which were issued by the U.S. Treasury to help finance local governments.
Tax collectors from cities and states are able to collect the bonds and deduct the cost from their taxes.
The tax helps pay for vital public services such as roads, parks and water systems.
Walmart has long maintained that the tax is a form of tax-subsidization.
A spokeswoman for Walmart said that the retailer does not pay any taxes to the IRS.
Wal-Mart did not immediately respond to a request for comment.
The Taxpayers Protect Alliance said it examined tax payments to state and federal governments for the past decade.
It said that in 2006, Wal-mart paid $50.4 million to New York state and $32.4 in local and state taxes.
That amount included $14.7 million for roads and bridges, $7.6 billion for schools, $3.5 billion for roads, bridges and utilities, and $1.2 billion for transit systems.
It also reported that Walmart paid $13.9 million to the U,S.
Postal Service for its infrastructure and $6.2 million to Hawaii’s Department of Transportation for its roads and public transit systems, including the Honolulu and Oahu airports.
The Taxpayers Control Alliance also said that Walmart also paid $1 million to Illinois to help fund public works projects in the state.
Walton, a retailer of specialty merchandise and groceries, is one of several companies to face tax audits in recent years.
The watchdog group released a report last month that found that Walmart had paid more in federal and state income taxes than other major retailers and had been undercounting its tax payments.
The group also released a study that said that Wal-Marts tax payments have been a net drain on taxpayers, reducing state and city revenues.
The groups report found that state and county tax collections decreased by $1 billion in 2016.