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Wednesday, December 4, 2024

$327 million in sales and gross receipt tax revenue for Wyoming in Q4 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 $327 million in sales and gross receipt taxes during the fourth quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Overall, Wyoming's combined tax revenues reached $692 million during the year, as of fourth quarter of 2023.

Sales and gross receipt taxes include taxes on licenses, alcohol, amusements, insurance, fuel, parimutuels, public utilities and tobacco products.

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 2023 Wyoming Tax Collections

Type of TaxAmount (millions)
License Taxes$46
Sales and Gross Receipts Taxes$327
Property Taxes$147
Other Taxes$168

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