Quantcast

Mountain State Times

Thursday, November 28, 2024

West Virginia's combined tax revenues up 31% from Q1 to Q2 2022

Combined tax revenues in West Virginia increased 31% in the second quarter of 2022 in comparison to the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

Overall, West Virginia collected $2.3 billion in taxes during the second quarter of 2022, compared to $1.7 billion in the previous quarter.

The majority of the state’s tax revenue was collected through income taxes ($1.1 billion) and general sales and gross receipts taxes ($886 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 that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Q2 West Virginia Tax Collections
Type of TaxAmount (millions)
Income Taxes$1,052
Sales and Gross Receipts Taxes$886
Other Taxes$288
License Taxes$61
Property Taxes$2
Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS