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Thursday, November 7, 2024

West Virginia collected 3.1% more in pari-mutuels sales tax in 2022

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Of the $7.1 billion in taxes collected by West Virginia in 2022, $2.9 million came from pari-mutuels sales tax, a 3.1 percent increase over the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

West Virginia collected $2.9 million in pari-mutuels sales tax in 2021.

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 subcategory and how much was collected.

West Virginia Tax Collections 2022 vs. 2021
Type of Tax2022 amount2021 amount
Hunting and fishing license$15,301,000$15,302,000
Severance taxes$768,794,000$274,256,000
Documentarty and stock transfer taxes$17,856,000$15,913,000
Insurance premiums sales tax$135,847,000$118,061,000
Corporations net income taxes$366,316,000$320,487,000
Corporations in general license$1,079,000$756,000
Amusements sales tax$39,214,000$27,584,000
Alcoholic beverages sales tax$20,775,000$17,304,000
Public utilities license$391,000$389,000
Other selective sales and gross receipts taxes$650,969,000$568,575,000
Taxes, NEC$7,719,000$8,175,000
Motor vehicle operators license$146,854,000$148,902,000
Selective sales and gross receipts taxes$1,545,502,000$1,431,309,000
Tobacco products sales tax$165,066,000$171,187,000
Other license taxes$4,516,000$5,041,000
Pari-mutuels sales tax$2,937,000$2,850,000
Individual income taxes$2,502,828,000$2,253,788,000
Alcoholic beverages license$1,763,000$3,035,000
Amusements license$3,215,000$4,394,000
General sales and gross receipts taxes$1,655,483,000$1,537,245,000
Motor vehicle license$5,059,000$4,562,000
Occupation and business license, NEC$13,630,000$14,521,000
Public utilities sales tax$111,101,000$126,206,000
Motor fuels sales tax$419,593,000$399,542,000
Source: U.S. Census Bureau

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