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Sunday, December 22, 2024

West Virginia’s license tax revenue up 89.2 percent in Q2 since the previous quarter

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West Virginia collected $70 million in license 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 89.2 percent increase over the previous quarter when license tax revenue was $37 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 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)
License Taxes$70
Income Taxes$803
Other Taxes$115
Property Taxes$1
Sales and Gross Receipts Taxes$844

Source: U.S. Census Bureau

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