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Thursday, November 28, 2024

Residents and visitors to West Virginia paid $6 billion in taxes in 2021

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West Virginia collected $6 billion in taxes in 2021, a 10.6 percent increase 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 ($3 billion) and income taxes ($2.6 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.

2021 West Virginia Tax Collections
Type of TaxAmount
Property taxes$8,122,000
Sales and gross receipts taxes$2,968,554,000
License taxes$196,902,000
Income taxes$2,574,275,000
Miscellaneous taxes$298,344,000
General sales and gross receipts taxes$1,537,245,000
Selective sales and gross receipts taxes$1,431,309,000
Alcoholic beverages sales tax$17,304,000
Amusements sales tax$27,584,000
Insurance premiums sales tax$118,061,000
Motor fuels sales tax$399,542,000
Pari-mutuels sales tax$2,850,000
Public utilities sales tax$126,206,000
Tobacco products sales tax$171,187,000
Other selective sales and gross receipts taxes$568,575,000
Alcoholic beverages license$3,035,000
Amusements license$4,394,000
Corporations in general license$756,000
Hunting and fishing license$15,302,000
Motor vehicle license$4,562,000
Motor vehicle operators license$148,902,000
Public utilities license$389,000
Occupation and business license, NEC$14,521,000
Other license taxes$5,041,000
Individual income taxes$2,253,788,000
Corporations net income taxes$320,487,000
Death and gift taxes$0
Documentarty and stock transfer taxes$15,913,000
Severance taxes$274,256,000
Taxes, NEC$8,175,000

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