Wyoming collected 57.3% less in taxes on amusements license taxes in 2024 than in previous year

Tim Walz, Governor of Minnesota
Tim Walz, Governor of Minnesota
0Comments

Out of the $2.6 billion in total tax revenue collected by Wyoming in 2024, $109,000 came from amusements license taxes, representing a decrease from the previous year, when the total was $255,000, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

The State Government Tax Collections (STC) survey tracks five major tax categories and up to 25 subcategories, gathering data from all 50 state governments and their dependent agencies.

The Census Bureau notes that it defines tax classifications consistently across states, which may differ from how individual states categorize them.

According to the U.S. Census Bureau, state and local governments collect a wide range of taxes to fund public programs and services. These revenues are typically allocated to areas such as transportation, education, and public safety. In 2024, state tax collections alone amounted to nearly $1.5 trillion nationwide, representing a significant part of overall government operations.

The amount each state collects depends on its tax rates, bases, and policy priorities. In 2023, North Dakota topped the list with the largest state tax collection per capita at $7,715.71, followed by Hawaii ($7,098.72) and Vermont ($6,948.15), according to the U.S. Census Bureau.

Below is a breakdown of how taxes were classified by subcategory and how much was collected.

Wyoming Tax Collections 2024 vs. 2023
Type of Tax 2024 amount 2023 amount
General sales and gross receipts taxes $1,011,860,000 $954,596,000
Severance taxes $794,352,000 $1,145,516,000
Selective sales and gross receipts taxes $211,829,000 $198,569,000
Motor fuels sales taxes $118,489,000 $116,731,000
Motor vehicle license taxes $98,512,000 $103,136,000
Occupation and businesses license taxes $43,843,000 $46,450,000
Insurance premiums sales taxes $39,067,000 $33,024,000
Hunting and fishing license taxes $37,060,000 $39,415,000
Corporations in general license taxes $29,733,000 $24,950,000
Tobacco products sales taxes $18,599,000 $19,897,000
Amusements sales taxes $7,339,000 $6,241,000
Other taxes, NEC $7,090,000 $9,956,000
Public utilities sales taxes $5,918,000 $3,821,000
Motor vehicle operators license taxes $3,589,000 $5,201,000
Other selective sales and gross receipts taxes $3,097,000 $2,984,000
Alcoholic beverages sales taxes $2,132,000 $2,201,000
Amusements license taxes $109,000 $255,000

Information in this story was obtained from the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC). The source data can be found here.



Related

Senator Cynthia Lummis, U.S. Senator for Wyoming

Lummis hosts roundtable on digital assets with Comptroller Gould and Governor Gordon

Senator Cynthia Lummis convened a roundtable at Wyoming’s State Capitol focused on regulation for digital assets. The event included Comptroller Jonathan V. Gould and Governor Mark Gordon discussing collaboration between state innovation efforts and federal oversight.

Senator Cynthia Lummis, U.S. Senator for Wyoming

Senator Lummis calls for permitting reform in Washington Post op-ed

Senator Cynthia Lummis has called for urgent reforms to America’s project permitting system through an op-ed published by The Washington Post. Citing economic impacts felt especially strongly in Wyoming, she urges Congress to act this year for more certainty.

Brad Little, Governor of Idaho

Insurance premiums taxes revenue in Wyoming increased 18.3% in 2024 compared to previous year

Out of the $2.6 billion in total tax revenue collected by Wyoming in 2024, $39.1 million came from insurance premiums sales taxes, representing an increase from the previous year, when the total was $33 million, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Equality State News.