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Friday, November 8, 2024

Residents and visitors to West Virginia paid $7.1 billion in taxes in 2022

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West Virginia collected $7.1 billion in taxes in 2022, a 16.8 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 ($3.2 billion) and income taxes ($2.9 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.

2022 West Virginia Tax Collections
Type of TaxAmount
Property taxes$7,908,000
Sales and gross receipts taxes$3,200,985,000
License taxes$191,808,000
Income taxes$2,869,144,000
Miscellaneous taxes$794,369,000
General sales and gross receipts taxes$1,655,483,000
Selective sales and gross receipts taxes$1,545,502,000
Alcoholic beverages sales tax$20,775,000
Amusements sales tax$39,214,000
Insurance premiums sales tax$135,847,000
Motor fuels sales tax$419,593,000
Pari-mutuels sales tax$2,937,000
Public utilities sales tax$111,101,000
Tobacco products sales tax$165,066,000
Other selective sales and gross receipts taxes$650,969,000
Alcoholic beverages license$1,763,000
Amusements license$3,215,000
Corporations in general license$1,079,000
Hunting and fishing license$15,301,000
Motor vehicle license$5,059,000
Motor vehicle operators license$146,854,000
Public utilities license$391,000
Occupation and business license, NEC$13,630,000
Other license taxes$4,516,000
Individual income taxes$2,502,828,000
Corporations net income taxes$366,316,000
Death and gift taxes$0
Documentarty and stock transfer taxes$17,856,000
Severance taxes$768,794,000
Taxes, NEC$7,719,000

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