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Sunday, December 22, 2024

West Virginia’s sales and gross receipts tax revenue up 18.4 percent in Q2 since the previous quarter

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West Virginia collected $844 million in sales and gross receipts taxes during the second quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

This is an 18.4 percent increase over the previous quarter when sales and gross receipts tax revenue was $713 million.

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

Individual income taxes are based on net personal income and taxes imposed on dividends, interest, and income from intangibles.

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, West Virginia collected $1.8 billion in combined tax revenues during the second quarter of 2021.

Q2 West Virginia Tax Collections

Type of TaxAmount (in millions of dollars)
Sales and Gross Receipts Taxes$844
Income Taxes$803
License Taxes$70
Other Taxes$115
Property Taxes$1

Source: U.S. Census Bureau

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