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Tuesday, November 26, 2024

Residents and visitors to Wyoming paid $1.8 billion in taxes in 2018

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Wyoming collected $1.8 billion in taxes in 2018, a 11.4 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 ($862.8 million) and other taxes ($536.9 million).

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 cautions that it sets the tax classifications among the survey categories, and 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.

2018 Wyoming Tax Collections
Type of TaxAmount
Property taxes$250,153,000
Sales and gross receipts taxes$862,797,000
License taxes$187,522,000
Income taxes$0
Other taxes$536,929,000
General sales and gross receipts taxes$689,207,000
Selective sales and gross receipts taxes$173,590,000
Alcoholic beverages sales tax$1,920,000
Amusements sales tax$0
Insurance premiums sales tax$23,481,000
Motor fuels sales tax$113,622,000
Pari-mutuels sales tax$4,698,000
Public utilities sales tax$4,893,000
Tobacco products sales tax$22,076,000
Other selective sales and gross receipts taxes$2,900,000
Alcoholic beverages license$0
Amusements license$0
Corporations in general license$14,205,000
Hunting and fishing license$37,187,000
Motor vehicle license$91,663,000
Motor vehicle operators license$4,158,000
Public utilities license$0
Occupation and business license, nec$40,309,000
Other license taxes$0
Individual income taxes$0
Corporations net income taxes$0
Death and gift taxes$0
Documentary and stock transfer taxes$0
Severance taxes$531,659,000
Taxes, nec$5,270,000

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