April 2020

Collection: Government Financials
Sub-shelf: BIR Tax Collection Reports
Kind: Financial Report
Date: 2020
Topics: Public Finance
Pages: 1
Text: Native Text

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BUREAU OF INTERNAL REVENUE FISCAL YEAR 2020 APRIL MONTHLY COLLECTION REPORT Collection Collection Cummulative Collection Collection Cummulative Collection Collection Cummulative Collection Collection Collection Cummulative Cummulative Cummulative FY 2019 FY 2020 FY 2020 FY 2019 FY 2020 FY 2020 FY 2019 FY 2020 FY 2020 FY 2019 FY 2020 FY 2019 & FY 2020 % FY 2019 FY 2020 FY 2019 & FY 2020 % Apr-19 Apr-20 Apr-20 Apr-19 Apr-20 Apr-20 Apr-19 Apr-20 Apr-20 Apr-19 Apr-20 Difference INC/DEC Apr-19 Apr-20 Difference INC/DEC Individual Income 15,870,590.21 $ 2,664,579.63 $ 16,169,943.19 $ 656,676.61 $ 235,911.87 $ 543,474.25 $ 5,374,852.57 $ 944,111.69 $ 7,587,456.77 $ 21,902,119.39 $ 3,844,603.19 $ (18,057,516.20) $ -82% 53,184,007.97 $ 24,300,874.21 $ (28,883,133.76) $ -54% Estimated Tax 4,174,563.97 $ 514,535.74 $ 20,922,752.10 $ 172,180.75 $ 50,192.00 $ 662,705.27 $ 3,381,126.81 $ 802,499.50 $ 15,223,232.79 $ 7,727,871.53 $ 1,367,227.24 $ (6,360,644.29) $ -82% 30,781,744.44 $ 36,808,690.16 $ 6,026,945.72 $ 20% Withholding Tax 10,926,869.84 $ 10,794,688.02 $ 80,699,808.43 $ 376,948.52 $ 160,280.41 $ 1,862,419.41 $ 6,811,619.55 $ 8,634,959.87 $ 62,485,923.61 $ 18,115,437.91 $ 19,589,928.30 $ 1,474,490.39 $ 8% 124,366,567.36 $ 145,048,151.45 $ 20,681,584.09 $ 17% Individual Extension 45,996,759.40 $ 2,039,603.00 $ 3,039,996.00 $ 664,244.21 $ - $ 97,088.00 $ 6,623,252.14 $ 3,376,705.00 $ 3,376,821.00 $ 53,284,255.75 $ 5,416,308.00 $ (47,867,947.75) $ -90% 54,030,611.75 $ 6,513,905.00 $ (47,516,706.75) $ -88% Military (Riemb) - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Individual Income Tax Sub-Tota 76,968,783.42 16,013,406.39 120,832,499.72 1,870,050.09 446,384.28 3,165,686.93 22,190,851.07 13,758,276.06 88,673,434.17 101,029,684.58 30,218,066.73 (70,811,617.85) $ -70% 262,362,931.52 212,671,620.82 49,691,310.70 -19% Corporate Income 3,294,106.61 $ 255,900.38 $ 5,202,119.70 $ 2,816.00 $ 8,477.00 $ 23,704.52 $ 1,547,621.54 $ 171,239.90 $ 3,178,585.65 $ 4,844,544.15 $ 435,617.28 $ (4,408,926.87) $ -91% 10,606,031.50 $ 8,404,409.87 $ (2,201,621.63) $ -21% Corporate Estimated 3,163,005.60 $ 176,760.00 $ 4,259,503.00 $ 2,132.00 $ - $ - $ 461,877.00 $ 146,200.00 $ 3,310,195.00 $ 3,627,014.60 $ 322,960.00 $ (3,304,054.60) $ -91% 17,415,812.16 $ 7,569,698.00 $ (9,846,114.16) $ -57% Corporate Extension 9,454,605.94 $ 912,577.00 $ 3,185,071.57 $ 2,500.00 $ - $ - $ 2,788,235.00 $ 300,200.00 $ 6,561,902.00 $ 12,245,340.94 $ 1,212,777.00 $ (11,032,563.94) $ -90% 13,523,645.58 $ 9,746,973.57 $ (3,776,672.01) $ -28% Corporate Income Tax Sub-Tota 15,911,718.15 1,345,237.38 12,646,694.27 7,448.00 8,477.00 23,704.52 4,797,733.54 617,639.90 13,050,682.65 20,716,899.69 1,971,354.28 (18,745,545.41) $ -90% 41,545,489.24 25,721,081.44 15,824,407.80 -38% Total Income Taxes 92,880,501.57 17,358,643.77 133,479,193.99 1,877,498.09 454,861.28 3,189,391.45 26,988,584.61 14,375,915.96 101,724,116.82 121,746,584.27 32,189,421.01 (89,557,163.26) $ -74% 303,908,420.76 238,392,702.26 65,515,718.50 -22% Gross Receipts Tax* ` 15,473,819.32 $ 11,457,574.04 $ 82,927,250.72 $ 947,240.68 $ 496,971.86 $ 4,230,458.31 $ 8,455,817.37 $ 11,469,035.32 $ 64,005,049.11 $ 24,876,877.37 $ 23,423,581.22 $ (1,453,296.15) $ -6% 144,668,404.90 $ 151,162,758.14 $ 6,494,353.24 $ 4% Excise Tax 141,585.03 $ 146,950.00 $ 1,010,597.78 $ 200.00 $ - $ 383.00 $ 87,221.20 $ 36,303.42 $ 209,515.13 $ 229,006.23 $ 183,253.42 $ (45,752.81) $ -20% 9,904,748.15 $ 1,220,495.91 $ (8,684,252.24) $ -88% Entertainment Tax - $ - $ 6,863.75 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ 6,863.75 $ 6,863.75 $ 0% Franchise Fee 176,260.43 $ - $ 383,178.95 $ - $ - $ - $ - $ - $ - $ 176,260.43 $ - $ (176,260.43) $ -100% 492,250.71 $ 383,178.95 $ (109,071.76) $ -22% Miscellaneous, Photo Copy, Etc. 4,866.50 $ 750.00 $ 30,612.50 $ - $ - $ - $ 5,035.15 $ 693.00 $ 7,168.00 $ 9,901.65 $ 1,443.00 $ (8,458.65) $ -85% 160,597.51 $ 37,780.50 $ (122,817.01) $ -76% Environmental Infrastructure Impact Fee 85% 329,183.75 $ 222,530.00 $ 2,211,700.00 $ 3,803.75 $ - $ 33,550.56 $ - $ - $ 60,902.50 $ 332,987.50 $ 222,530.00 $ (110,457.50) $ -33% 1,408,036.08 $ 2,306,153.06 $ 898,116.99 $ 64% Total Other General Fund Taxes 16,125,715.03 11,827,804.04 86,570,203.70 951,244.43 496,971.86 4,264,391.87 8,548,073.72 11,506,031.74 64,282,634.74 25,625,033.18 23,830,807.64 (1,794,225.54) $ -7% 156,634,037.35 155,117,230.31 1,516,807.03 -1% 109,006,216.60 29,186,447.81 220,049,397.69 2,828,742.52 951,833.14 7,453,783.32 35,536,658.33 25,881,947.70 166,006,751.56 147,371,617.45 56,020,228.65 (91,351,388.80) $ -62% 460,542,458.11 393,509,932.57 67,032,525.53 -15% Special Funds Fuel Tax (Transportation Fund/WAPA Instructure)*** 231,860.02 $ 275,996.77 $ 1,447,745.28 $ - $ 3,360.00 $ 77,222.04 $ 399,598.88 $ - $ 1,409,973.69 $ 631,458.90 $ 279,356.77 $ (352,102.13) $ -56% 3,168,512.67 $ 2,934,941.01 $ (233,571.66) $ -7% Highway Users' Tax (Transportation Fund) 462,232.94 $ 81,057.76 $ 1,335,372.01 $ 22,741.60 $ 383.84 $ 86,819.28 $ 279,941.84 $ 150,221.44 $ 1,903,873.80 $ 764,916.38 $ 231,663.04 $ (533,253.34) $ -70% 4,531,654.66 $ 3,326,065.09 $ (1,205,589.57) $ -27% Hotel Room Tax 1,587,846.10 $ 1,040,122.67 $ 8,516,776.44 $ 610,490.97 $ 264,739.82 $ 2,079,461.34 $ 422,817.59 $ 527,626.24 $ 2,669,713.47 $ 2,621,154.66 $ 1,832,488.73 $ (788,665.93) $ -30% 12,563,710.40 $ 13,265,951.25 $ 702,240.85 $ 6% Environmental Infrastructure Impact Fee 15% 58,091.25 $ 39,270.00 $ 390,300.00 $ 671.25 $ - $ 5,920.69 $ - $ - $ 10,747.50 $ 58,762.50 $ 39,270.00 $ (19,492.50) $ -33% 201,608.93 $ 406,968.19 $ 205,359.26 $ 102% Gross Casino (Casino Revenue Fund) - $ - $ - $ - $ - $ - $ 194,119.13 $ - $ 1,014,692.53 $ 194,119.13 $ - $ (194,119.13) $ -100% 1,216,486.09 $ 1,014,692.53 $ (201,793.56) $ -17% Racino - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Lonesome Dove Fund - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% 75,000.00 $ - $ (75,000.00) $ -100% Arbitration Deposit - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Production Tax - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Vehicle Rental Surcharge (VI Education Initiative Fund) 88,271.79 $ 57,393.75 $ 422,162.63 $ 44,064.75 $ 14,463.75 $ 156,566.08 $ 206,235.00 $ 97,477.50 $ 1,052,272.75 $ 338,571.54 $ 169,335.00 $ (169,236.54) $ -50% 1,829,052.34 $ 1,631,001.46 $ (198,050.88) $ -11% Investment Alternative Tax - $ - $ - $ - $ - $ - $ 34,538.37 $ 32,822.80 $ 106,078.67 $ 34,538.37 $ 32,822.80 $ (1,715.57) $ -5% 85,782.87 $ 106,078.67 $ 20,295.80 $ 24% Total Special Funds Revenue 2,428,302.10 1,493,840.95 12,112,356.36 677,968.57 282,947.41 2,405,989.44 1,537,250.81 808,147.98 8,167,352.41 4,643,521.48 2,584,936.34 (2,058,585.14) $ -44% 23,671,807.96 22,685,698.21 986,109.75 -4% TOTAL MONTHLY REVENUE COLLECTIONS 111,434,518.70 $ 30,680,288.76 $ 232,161,754.05 $ 3,506,711.09 $ 1,234,780.55 $ 9,859,772.76 $ 37,073,909.14 $ 26,690,095.68 $ 174,174,103.97 $ 152,015,138.93 $ 58,605,164.99 $ (93,409,973.94) $ -61% 484,214,266.06 $ 416,195,630.78 $ (68,018,635.28) $ -14% Total of All Islands Class of Tax Total General Fund Revenue St. Thomas St. John St. Croix