USVI Public Records

Document text

BUREAU OF INTERNAL REVENUE FISCAL YEAR 2026 MAY MONTHLY COLLECTION REPORT Collection Collection Cummulative Collection Collection Cummulative Collection Collection Cummulative Collection Collection Collection Cummulative Cummulative Cummulative FY 2025 FY 2026 FY 2026 FY 2025 FY 2026 FY 2026 FY 2025 FY 2026 FY 2026 FY 2025 FY 2026 FY 2025 & FY 2026 % FY 2025 FY 2026 FY 2025 & FY 2026 % May-25 May-26 May-26 May-25 May-26 May-26 May-25 May-26 May-26 May-25 May-26 Difference INC/DEC May-25 May-26 Difference INC/DEC Individual Income 2,820,771.01 $ 2,263,068.54 $ 45,502,284.09 $ 356,671.13 $ 106,402.01 $ 4,237,293.79 $ 690,939.71 $ 912,775.97 $ 21,899,672.28 $ 3,868,381.85 $ 3,282,246.52 $ (586,135.33) $ -15% 82,814,165.37 $ 71,639,250.16 $ (11,174,915.21) $ -13% Estimated Tax 551,465.00 $ 939,406.00 $ 16,484,075.57 $ 77,910.00 $ 68,419.00 $ 2,191,174.97 $ 268,291.25 $ 501,016.00 $ 12,130,327.54 $ 897,666.25 $ 1,508,841.00 $ 611,174.75 $ 68% 30,954,791.60 $ 30,805,578.08 $ (149,213.52) $ 0% Withholding Tax 9,410,462.79 $ 14,127,271.54 $ 105,777,036.56 $ 1,563,939.78 $ 423,099.72 $ 6,983,739.66 $ 2,746,789.96 $ 2,437,664.56 $ 18,689,199.80 $ 13,721,192.53 $ 16,988,035.82 $ 3,266,843.29 $ 24% 130,664,047.65 $ 131,449,976.02 $ 785,928.37 $ 1% Individual Extension 14,027.00 $ 16,250.00 $ 63,205,889.26 $ 47,000.00 $ - $ 2,580,018.55 $ - $ - $ 15,829,096.75 $ 61,027.00 $ 16,250.00 $ (44,777.00) $ -73% 81,697,359.30 $ 81,615,004.56 $ (82,354.74) $ 0% Military (Riemb) - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Individual Income Tax Sub-Total 12,796,725.80 17,345,996.08 230,969,285.48 2,045,520.91 597,920.73 15,992,226.97 3,706,020.92 3,851,456.53 68,548,296.37 18,548,267.63 21,795,373.34 3,247,105.71 $ 18% 326,130,363.92 315,509,808.82 10,620,555.10 -3% Corporate Income 547,787.40 $ 1,224,161.95 $ 15,772,085.75 $ 3,256.55 $ - $ 183,402.86 $ 33,901.08 $ 239,685.98 $ 1,014,153.63 $ 584,945.03 $ 1,463,847.93 $ 878,902.90 $ 150% 12,253,891.54 $ 16,969,642.24 $ 4,715,750.70 $ 38% Corporate Estimated 469,032.00 $ 1,225,663.30 $ 12,533,875.90 $ 498,000.00 $ 4,447.00 $ 328,684.00 $ - $ 4,164.00 $ 5,696,921.39 $ 967,032.00 $ 1,234,274.30 $ 267,242.30 $ 28% 16,531,201.38 $ 18,559,481.29 $ 2,028,279.91 $ 12% Corporate Extension - $ 11,100.00 $ 6,190,445.27 $ 119,774.00 $ - $ 5,195,626.00 $ - $ - $ 3,419,518.48 $ 119,774.00 $ 11,100.00 $ (108,674.00) $ -91% 18,699,368.99 $ 14,805,589.75 $ (3,893,779.24) $ -21% Corporate Income Tax Sub-Total 1,016,819.40 2,460,925.25 34,496,406.92 621,030.55 4,447.00 5,707,712.86 33,901.08 243,849.98 10,130,593.50 1,671,751.03 2,709,222.23 1,037,471.20 $ 62% 47,484,461.91 50,334,713.28 2,850,251.37 6% Total Income Taxes 13,813,545.20 19,806,921.33 265,465,692.40 2,666,551.46 602,367.73 21,699,939.83 3,739,922.00 4,095,306.51 78,678,889.87 20,220,018.66 24,504,595.57 4,284,576.91 $ 21% 373,614,825.83 365,844,522.10 7,770,303.73 -2% Gross Receipts Tax* ` 13,483,627.96 $ 17,820,211.63 $ 116,373,399.65 $ 1,054,512.14 $ 928,863.61 $ 8,203,513.89 $ 4,152,450.83 $ 3,965,602.82 $ 37,167,627.01 $ 18,690,590.93 $ 22,714,678.06 $ 4,024,087.13 $ 22% 149,928,791.69 $ 161,744,540.55 $ 11,815,748.86 $ 8% Excise Tax 2,692,878.40 $ 3,087,056.48 $ 22,651,486.45 $ 60.00 $ 3.00 $ 73.00 $ 322,341.35 $ 343,609.02 $ 2,833,259.62 $ 3,015,279.75 $ 3,430,668.50 $ 415,388.75 $ 14% 24,933,684.20 $ 25,484,819.07 $ 551,134.87 $ 2% Entertainment Tax - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% 20,900.00 $ - $ (20,900.00) $ -100% Franchise Fee - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% 306,208.01 $ - $ (306,208.01) $ -100% Miscellaneous, Photo Copy, Etc. 2,174.00 $ 2,171.00 $ 20,597.00 $ - $ - $ - $ 928.00 $ 1,102.00 $ 5,952.00 $ 3,102.00 $ 3,273.00 $ 171.00 $ 6% 40,138.10 $ 26,549.00 $ (13,589.10) $ -34% Environmental Infrastructure Impact Fee 85% 274,953.75 $ 608,982.50 $ 3,126,689.03 $ - $ - $ 6,120.00 $ 2,975.00 $ - $ 8,882.50 $ 277,928.75 $ 608,982.50 $ 331,053.75 $ 119% 2,918,272.37 $ 3,141,691.53 $ 223,419.16 $ 8% Total Other General Fund Taxes 16,453,634.11 21,518,421.61 142,172,172.13 1,054,572.14 928,866.61 8,209,706.89 4,478,695.18 4,310,313.84 40,015,721.13 21,986,901.43 26,757,602.06 4,770,700.63 $ 22% 178,147,994.37 190,397,600.15 12,249,605.78 7% 30,267,179.31 41,325,342.94 407,637,864.53 3,721,123.60 1,531,234.34 29,909,646.72 8,218,617.18 8,405,620.35 118,694,611.00 42,206,920.09 51,262,197.63 9,055,277.54 $ 21% 551,762,820.20 556,242,122.25 4,479,302.05 1% Special Funds Fuel Tax (Transportation Fund/WAPA Instructure)*** 0 475,950.69 $ 400,802.16 $ 2,663,035.26 $ 87,683.00 $ 12,316.50 $ 74,824.54 $ 11,004.00 $ 15,145.20 $ 158,230.20 $ 574,637.69 $ 428,263.86 $ (146,373.83) $ -25% 3,368,522.14 $ 2,896,090.00 $ (472,432.14) $ -14% Highway Users' Tax (Transportation Fund) 148,120.96 $ 152,708.00 $ 1,618,751.06 $ 2,812.00 $ 2,196.96 $ 106,602.88 $ 129,052.96 $ 111,213.76 $ 1,103,359.09 $ 279,985.92 $ 266,118.72 $ (13,867.20) $ -5% 2,731,393.84 $ 2,828,713.03 $ 97,319.19 $ 4% Hotel Room Tax 3,771,076.53 $ 3,515,350.78 $ 21,798,987.67 $ 169,953.12 $ 406,686.76 $ 4,331,445.75 $ 235,727.67 $ 356,973.47 $ 4,023,348.05 $ 4,176,757.32 $ 4,279,011.01 $ 102,253.69 $ 2% 13,681,322.75 $ 30,153,781.47 $ 16,472,458.72 $ 120% Non-Hotel Room Tax 1,192,245.20 $ 1,865,175.06 $ 8,461,968.39 $ 631,544.84 $ 515,573.19 $ 3,854,988.90 $ 85,216.93 $ 62,511.82 $ 663,810.06 $ 1,909,006.97 $ 2,443,260.07 $ 534,253.10 $ 28% 19,586,647.77 $ 12,950,269.98 $ (6,636,377.79) $ -34% Environmental Infrastructure Impact Fee 15% 48,521.25 $ 107,467.50 $ 551,768.65 $ - $ - $ 1,080.00 $ 525.00 $ - $ 1,567.50 $ 49,046.25 $ 107,467.50 $ 58,421.25 $ 119% 514,989.24 $ 554,416.15 $ 39,426.91 $ 8% Gross Casino (Casino Revenue Fund) - $ - $ - $ - $ - $ - $ 216,915.91 $ 172,293.25 $ 1,464,736.73 $ 216,915.91 $ 172,293.25 $ (44,622.66) $ -21% 1,523,163.82 $ 1,464,736.73 $ (58,427.09) $ -4% Racino - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Lonesome Dove Fund - $ 500,000.00 $ 500,000.00 $ - $ - $ - $ - $ - $ - $ - $ 500,000.00 $ 500,000.00 $ 0% 575,000.00 $ 500,000.00 $ (75,000.00) $ -13% Arbitration Deposit - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Production Tax - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Vehicle Rental Surcharge (VI Education Initiative Fund) 262,175.00 $ 258,368.30 $ 1,625,045.80 $ 62,888.86 $ 74,612.65 $ 319,860.60 $ 93,806.25 $ 95,453.90 $ 742,629.70 $ 418,870.11 $ 428,434.85 $ 9,564.74 $ 2% 2,060,440.06 $ 2,687,536.10 $ 627,096.04 $ 30% Investment Alternative Tax - $ - $ - $ - $ - $ - $ - $ - $ 62,171.07 $ - $ - $ - $ 0% 95,167.02 $ 62,171.07 $ (32,995.95) $ -35% Total Special Funds Revenue 5,898,089.63 6,799,871.80 37,219,556.83 954,881.82 1,011,386.06 8,688,802.67 772,248.72 813,591.40 8,219,852.40 7,625,220.17 8,624,849.26 999,629.09 $ 13% 44,136,646.64 54,097,714.53 9,961,067.89 23% TOTAL MONTHLY REVENUE COLLECTIONS 36,165,268.94 $ 48,125,214.74 $ 444,857,421.36 $ 4,676,005.42 $ 2,542,620.40 $ 38,598,449.39 $ 8,990,865.90 $ 9,219,211.75 $ 126,914,463.40 $ 49,832,140.26 $ 59,887,046.89 $ 10,054,906.63 $ 20% 595,899,466.84 $ 610,339,836.78 $ 14,440,369.94 $ 2% Total of All Islands Class of Tax Total General Fund Revenue St. Thomas St. John St. Croix