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Thursday, January 23, 2025

Wyoming's combined tax revenues down 16.9 percent from Q4 to Q1 2021

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Wyoming collected $408 million combined tax revenues and income taxes during the first quarter of 2021, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

The majority of the state’s tax revenue was collected through property, general sales and gross receipts taxes ($218 million) and severance taxes ($109 million).

This is a 16.9 percent decrease from the previous quarter when $491 million was reported.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Q1 Wyoming Tax Collections
Type of TaxAmount (millions)
Property Taxes$43
Sales and Gross Receipts Taxes$218
Income Taxes$0
License Taxes$38
Other Taxes$109
Source: U.S. Census Bureau

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