June 2022

Collection: Government Financials
Sub-shelf: BIR Tax Collection Reports
Kind: Financial Report
Date: 2022
Topics: Public Finance
Pages: 1
Text: Native Text

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BUREAU OF INTERNAL REVENUE FISCAL YEAR 2022 JUNE MONTHLY COLLECTION REPORT Collection Collection Cummulative Collection Collection Cummulative Collection Collection Cummulative Collection Collection Collection Cummulative Cummulative Cummulative FY 2021 FY 2022 FY 2022 FY 2021 FY 2022 FY 2022 FY 2021 FY 2022 FY 2022 FY 2021 FY 2022 FY 2021 & FY 2022 % FY 2021 FY 2022 FY 2021 & FY 2022 % Jun-21 Jun-22 Jun-22 Jun-21 Jun-22 Jun-22 Jun-21 Jun-22 Jun-22 Jun-21 Jun-22 Difference INC/DEC Jun-21 Jun-22 Difference INC/DEC Individual Income 2,768,439.24 $ 2,233,182.52 $ 40,103,850.87 $ 25,550.60 $ 147,531.26 $ 5,041,017.43 $ 1,320,124.14 $ 1,546,676.27 $ 19,902,240.62 $ 4,114,113.98 $ 3,927,390.05 $ (186,723.93) $ -5% 104,642,065.63 $ 65,047,108.92 $ (39,594,956.71) $ -38% Estimated Tax 3,699,687.02 $ 5,510,567.56 $ 22,764,794.26 $ 129,385.00 $ 500,168.00 $ 2,047,002.00 $ 3,743,145.31 $ 6,558,845.46 $ 21,226,859.98 $ 7,572,217.33 $ 12,569,581.02 $ 4,997,363.69 $ 66% 40,192,637.86 $ 46,038,656.24 $ 5,846,018.38 $ 15% Withholding Tax 12,837,575.04 $ 11,168,388.91 $ 109,361,756.46 $ 317,400.31 $ 346,829.46 $ 3,274,603.12 $ 5,002,160.98 $ 5,249,076.97 $ 46,832,250.58 $ 18,157,136.33 $ 16,764,295.34 $ (1,392,840.99) $ -8% 158,736,213.38 $ 159,468,610.16 $ 732,396.78 $ 0% Individual Extension 300,168.84 $ 55,347.00 $ 89,913,987.26 $ - $ - $ 4,163,259.00 $ 25.00 $ - $ 14,637,199.70 $ 300,193.84 $ 55,347.00 $ (244,846.84) $ -82% 54,250,322.35 $ 108,714,445.96 $ 54,464,123.61 $ 100% Military (Riemb) - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Individual Income Tax Sub-Total 19,605,870.14 18,967,485.99 262,144,388.85 472,335.91 994,528.72 14,525,881.55 10,065,455.43 13,354,598.70 102,598,550.88 30,143,661.48 33,316,613.41 3,172,951.93 $ 11% 357,821,239.22 379,268,821.28 21,447,582.06 6% Corporate Income 2,228,463.48 $ 1,906,983.82 $ 25,249,527.82 $ - $ - $ 98,459.23 $ 287,934.37 $ 175,353.12 $ 3,381,632.28 $ 2,516,397.85 $ 2,082,336.94 $ (434,060.91) $ -17% 17,706,875.44 $ 28,729,619.33 $ 11,022,743.89 $ 62% Corporate Estimated 659,863.14 $ 1,993,351.00 $ 12,199,582.96 $ - $ 40,054.00 $ 56,962.00 $ 4,010,122.00 $ 4,719,325.00 $ 15,061,978.31 $ 4,669,985.14 $ 6,752,730.00 $ 2,082,744.86 $ 45% 13,315,254.56 $ 27,318,523.27 $ 14,003,268.71 $ 105% Corporate Extension 1,270,995.80 $ 10,250.00 $ 38,444,451.06 $ - $ - $ 64,843.00 $ - $ - $ 4,511,611.00 $ 1,270,995.80 $ 10,250.00 $ (1,260,745.80) $ -99% 24,646,023.37 $ 43,020,905.06 $ 18,374,881.69 $ 75% Corporate Income Tax Sub-Total 4,159,322.42 3,910,584.82 75,893,561.84 0.00 40,054.00 220,264.23 4,298,056.37 4,894,678.12 22,955,221.59 8,457,378.79 8,845,316.94 387,938.15 $ 5% 55,668,153.37 99,069,047.66 43,400,894.29 78% Total Income Taxes 23,765,192.56 22,878,070.81 338,037,950.69 472,335.91 1,034,582.72 14,746,145.78 14,363,511.80 18,249,276.82 125,553,772.47 38,601,040.27 42,161,930.35 3,560,890.08 $ 9% 413,489,392.59 478,337,868.94 64,848,476.35 16% Gross Receipts Tax* ` 17,790,633.03 $ 11,145,184.18 $ 114,994,921.39 $ 1,349,835.82 $ 1,093,210.49 $ 10,784,304.35 $ 8,322,774.07 $ 6,580,157.45 $ 47,236,330.12 $ 27,463,242.92 $ 18,818,552.12 $ (8,644,690.80) $ -31% 179,034,421.93 $ 173,015,555.86 $ (6,018,866.07) $ -3% Excise Tax 2,602,667.79 $ 3,081,830.26 $ 24,963,115.96 $ - $ 99.00 $ 375.00 $ 417,156.93 $ 440,407.93 $ 3,116,668.28 $ 3,019,824.72 $ 3,522,337.19 $ 502,512.47 $ 17% 10,607,502.75 $ 28,080,159.24 $ 17,472,656.49 $ 165% Entertainment Tax - $ - $ - $ - $ - $ - $ - $ - $ 15,121.81 $ - $ - $ - $ 0% - $ 15,121.81 $ 15,121.81 $ 0% Franchise Fee - $ - $ 629,490.51 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% 548,993.82 $ 629,490.51 $ 80,496.69 $ 15% Miscellaneous, Photo Copy, Etc. 3,075.50 $ 1,790.00 $ 25,042.74 $ - $ - $ - $ 818.00 $ 1,673.00 $ 14,325.54 $ 3,893.50 $ 3,463.00 $ (430.50) $ -11% 45,017.00 $ 39,368.28 $ (5,648.72) $ -13% Environmental Infrastructure Impact Fee 85% 541,577.50 $ 305,426.25 $ 3,424,424.33 $ 2,210.00 $ 1,466.25 $ 20,842.85 $ - $ - $ - $ 543,787.50 $ 306,892.50 $ (236,895.00) $ -44% 3,005,440.20 $ 3,445,267.18 $ 439,826.98 $ 15% Total Other General Fund Taxes 20,937,953.82 14,534,230.69 144,036,994.93 1,352,045.82 1,094,775.74 10,805,522.20 8,740,749.00 7,022,238.38 50,382,445.75 31,030,748.64 22,651,244.81 (8,379,503.83) $ -27% 193,241,375.70 205,224,962.88 11,983,587.18 6% 44,703,146.38 37,412,301.50 482,074,945.62 1,824,381.73 2,129,358.46 25,551,667.98 23,104,260.80 25,271,515.20 175,936,218.22 69,631,788.91 64,813,175.16 (4,818,613.75) $ -7% 606,730,768.29 683,562,831.82 76,832,063.53 13% Special Funds Fuel Tax (Transportation Fund/WAPA Instructure)*** 343,681.06 $ 180,955.18 $ 1,669,697.21 $ 17,040.00 $ - $ 23,520.00 $ 257,787.77 $ 200,457.24 $ 1,568,639.82 $ 618,508.83 $ 381,412.42 $ (237,096.41) $ -38% 3,934,749.53 $ 3,261,857.03 $ (672,892.50) $ -17% Highway Users' Tax (Transportation Fund) 177,159.00 $ 147,585.58 $ 1,486,340.62 $ 29,265.60 $ 40,083.68 $ 359,497.60 $ 180,678.56 $ 136,004.96 $ 1,364,503.36 $ 387,103.16 $ 323,674.22 $ (63,428.94) $ -16% 3,689,134.42 $ 3,210,341.58 $ (478,792.84) $ -13% Hotel Room Tax 2,877,389.06 $ 3,139,787.30 $ 23,713,529.35 $ 802,803.02 $ 799,958.96 $ 6,905,439.19 $ 773,762.21 $ 869,902.97 $ 4,061,318.65 $ 4,453,954.29 $ 4,809,649.23 $ 355,694.94 $ 8% 24,240,704.08 $ 34,680,287.19 $ 10,439,583.11 $ 43% Environmental Infrastructure Impact Fee 15% 95,572.50 $ 53,898.75 $ 604,310.18 $ 390.00 $ 258.75 $ 3,678.15 $ - $ - $ - $ 95,962.50 $ 54,157.50 $ (41,805.00) $ -44% 530,371.80 $ 607,988.33 $ 77,616.52 $ 15% Gross Casino (Casino Revenue Fund) - $ - $ - $ - $ - $ - $ 222,389.24 $ 255,431.83 $ 1,826,584.83 $ 222,389.24 $ 255,431.83 $ 33,042.59 $ 15% 1,644,601.83 $ 1,826,584.83 $ 181,983.00 $ 11% Racino - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Lonesome Dove Fund 200,000.00 $ - $ 865,000.00 $ - $ - $ - $ - $ - $ - $ 200,000.00 $ - $ (200,000.00) $ -100% 700,000.00 $ 865,000.00 $ 165,000.00 $ 24% Arbitration Deposit - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Production Tax - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Vehicle Rental Surcharge (VI Education Initiative Fund) 124,259.36 $ 121,344.10 $ 840,554.11 $ 48,185.50 $ 38,254.00 $ 324,250.01 $ 155,060.75 $ 100,927.50 $ 989,471.50 $ 327,505.61 $ 260,525.60 $ (66,980.01) $ -20% 1,938,391.35 $ 2,154,275.62 $ 215,884.27 $ 11% Investment Alternative Tax - $ - $ - $ - $ - $ - $ - $ - $ 107,250.27 $ - $ - $ - $ 0% 80,323.81 $ 107,250.27 $ 26,926.46 $ 34% Total Special Funds Revenue 3,818,060.98 3,643,570.91 29,179,431.47 897,684.12 878,555.39 7,616,384.95 1,589,678.53 1,562,724.50 9,917,768.43 6,305,423.63 6,084,850.80 (220,572.83) $ -3% 36,758,276.82 46,713,584.85 9,955,308.03 27% TOTAL MONTHLY REVENUE COLLECTIONS 48,521,207.36 $ 41,055,872.41 $ 511,254,377.08 $ 2,722,065.85 $ 3,007,913.85 $ 33,168,052.93 $ 24,693,939.33 $ 26,834,239.70 $ 185,853,986.65 $ 75,937,212.54 $ 70,898,025.96 $ (5,039,186.58) $ -7% 643,489,045.11 $ 730,276,416.66 $ 86,787,371.55 $ 13% Total of All Islands Class of Tax Total General Fund Revenue St. Thomas St. John St. Croix