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Saturday, November 23, 2024

Residents and visitors to Wyoming paid $1.9 billion in taxes in 2021

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Wyoming collected $1.9 billion in taxes in 2021, a 4.5 percent decrease from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Most tax revenue came from sales and gross receipts taxes ($927.1 million) and miscellaneous taxes ($439.4 million).

The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.

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

Below is a breakdown of how taxes were classified by the bureau and how much was collected.

2021 Wyoming Tax Collections
Type of TaxAmount
Property taxes$295,925,000
Sales and gross receipts taxes$927,089,000
License taxes$212,497,000
Income taxes$0
Miscellaneous taxes$439,365,000
General sales and gross receipts taxes$734,785,000
Selective sales and gross receipts taxes$192,304,000
Alcoholic beverages sales tax$2,238,000
Amusements sales tax$5,018,000
Insurance premiums sales tax$36,231,000
Motor fuels sales tax$111,244,000
Pari-mutuels sales tax$8,064,000
Public utilities sales tax$4,592,000
Tobacco products sales tax$21,553,000
Other selective sales and gross receipts taxes$3,364,000
Alcoholic beverages license$0
Amusements license$0
Corporations in general license$17,751,000
Hunting and fishing license$42,975,000
Motor vehicle license$102,438,000
Motor vehicle operators license$4,675,000
Public utilities license$0
Occupation and business license, NEC$44,658,000
Other license taxes$0
Individual income taxes$0
Corporations net income taxes$0
Death and gift taxes$0
Documentarty and stock transfer taxes$0
Severance taxes$435,314,000
Taxes, NEC$4,051,000

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