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Tuesday, April 22, 2025

Wyoming's combined tax revenues up 31.7% from Q1 to Q2 2024

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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 31.7% in the second quarter of 2024 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

Overall, Wyoming collected $906 million in taxes during the second quarter of 2024, compared to $688 million in the previous quarter.

The majority of the state’s tax revenue was collected through severance taxes ($447 million) and general sales and gross receipts taxes ($282 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.

Q2 Wyoming Tax Collections
Type of TaxAmount (millions)
Other Taxes$447
Sales and Gross Receipts Taxes$282
Property Taxes$110
License Taxes$62
Source: U.S. Census Bureau

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