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Tuesday, December 24, 2024

Residents and visitors to West Virginia paid $5.5 billion in taxes in 2020

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West Virginia collected $5.5 billion in taxes in 2020, a 6 percent decrease from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Most tax revenue came from sales and gross receipts taxes ($2.8 billion) and income taxes ($2.1 billion).

The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.

The Census Bureau sets the tax classifications among the survey categories and cautions they may differ from the classifications set by the state governments.

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

2020 West Virginia Tax Collections
Type of TaxAmount
Property taxes$7,392,000
Sales and gross receipts taxes$2,818,977,000
License taxes$256,240,000
Income taxes$2,099,935,000
Miscellaneous taxes$286,381,000
General sales and gross receipts taxes$1,386,571,000
Selective sales and gross receipts taxes$1,432,406,000
Alcoholic beverages sales tax$18,181,000
Amusements sales tax$27,144,000
Insurance premiums sales tax$128,500,000
Motor fuels sales tax$427,273,000
Pari-mutuels sales tax$2,876,000
Public utilities sales tax$137,346,000
Tobacco products sales tax$168,750,000
Other selective sales and gross receipts taxes$522,336,000
Alcoholic beverages license$44,688,000
Amusements license$4,154,000
Corporations in general license$728,000
Hunting and fishing license$14,326,000
Motor vehicle license$4,355,000
Motor vehicle operators license$143,600,000
Public utilities license$340,000
Occupation and business license, NEC$40,541,000
Other license taxes$3,508,000
Individual income taxes$1,947,946,000
Corporations net income taxes$151,989,000
Death and gift taxes$0
Documentarty and stock transfer taxes$12,188,000
Severance taxes$267,049,000
Taxes, NEC$7,144,000

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