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Thursday, November 21, 2024

Wyoming's miscellaneous tax revenues down 26.4% in Q1 2023

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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 $256 million in miscellaneous tax revenue during the first quarter of 2023, a 26.4% decrease from the previous quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Miscellaneous tax revenue reached $348 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.

Q1 2023 Wyoming Tax Collections

Type of TaxAmount (millions)
Property Taxes$126
Sales and Gross Receipts Taxes$277
License Taxes$48
Miscellaneous Taxes$256

Source: U.S. Census Bureau

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