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Saturday, October 19, 2024

Wyoming's combined tax revenues up 44.1% from Q1 to Q2 2022

Combined tax revenues in Wyoming increased 44.1% in the second quarter of 2022 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

Overall, Wyoming collected $863 million in taxes during the second quarter of 2022, compared to $599 million in the previous quarter.

The majority of the state’s tax revenue was collected through severance taxes ($398 million) and general sales and gross receipts taxes ($324 million).

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.

Q2 Wyoming Tax Collections
Type of TaxAmount (millions)
Other Taxes$398
Sales and Gross Receipts Taxes$324
Property Taxes$78
License Taxes$60
Source: U.S. Census Bureau

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