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Monday, November 25, 2024

Wyoming's combined tax revenues up 92.1% from Q3 to Q4 2022

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Director Brenda Henson - Wyoming Department of Revenue | Wyoming Department of Revenue

Director Brenda Henson - Wyoming Department of Revenue | Wyoming Department of Revenue

Combined tax revenues in Wyoming increased 92.1% in the fourth 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 $851 million in taxes during the fourth quarter of 2022, compared to $443 million in the previous quarter.

The majority of the state’s tax revenue was collected through severance taxes ($348 million) and general sales and gross receipts taxes ($285 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.

Q4 Wyoming Tax Collections
Type of TaxAmount (millions)
Other Taxes$348
Sales and Gross Receipts Taxes$285
Property Taxes$173
License Taxes$42
Source: U.S. Census Bureau

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