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Sunday, December 22, 2024

Wyoming's miscellaneous tax revenues up 117.5% in Q2 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

Wyoming collected $398 million in miscellaneous tax revenue during the second quarter of 2022, a 117.5% increase over the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $183 million in the previous quarter.

Net sales reflect companies' total revenue stream, minus the costs of discounts, allowances and product returns.

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 2022 Wyoming Tax Collections

Type of TaxAmount (millions)
Property Taxes$78
Sales and Gross Receipts Taxes$324
License Taxes$60
Miscellaneous Taxes$398

Source: U.S. Census Bureau

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