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Wednesday, December 4, 2024

Wyoming's license tax revenue up 37.8% in Q2 compared to previous quarter

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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 $62 million in license taxes during the second quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

This represents a 37.8% increase over the previous quarter, when license tax revenue was $45 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 it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments. Also, not all states collect all types of taxes.

Overall, Wyoming collected $906 million in combined tax revenues in Q2.

Q2 Wyoming Tax Collections

Type of TaxAmount (millions)
License Taxes$62
Other Taxes$447
Property Taxes$110
Sales and Gross Receipts Taxes$282

Source: U.S. Census Bureau

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