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Wednesday, November 27, 2024

West Virginia collects $60 million in license tax revenue in Q2

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West Virginia Tax Commissioner Matthew Irby | West Virginia State Tax Department

West Virginia Tax Commissioner Matthew Irby | West Virginia State Tax Department

West Virginia collected $60 million in license taxes during the second quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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 $1.9 billion in combined tax revenues in Q2.

Q2 West Virginia Tax Collections

Type of TaxAmount (millions)
Income Taxes$811
License Taxes$60
Other Taxes$127
Property Taxes$2
Sales and Gross Receipts Taxes$916

Source: U.S. Census Bureau

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