USVI Public Records

Document text

BUREAU OF INTERNAL REVENUE FISCAL YEAR 2026 FEBRUARY 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 % Feb-25 Feb-26 Feb-26 Feb-25 Feb-26 Feb-26 Feb-25 Feb-26 Feb-26 Feb-25 Feb-26 Difference INC/DEC Feb-25 Feb-26 Difference INC/DEC Individual Income 24,142,611.61 $ 2,771,780.57 $ 16,325,150.84 $ 106,283.45 $ 189,801.62 $ 1,081,559.31 $ 1,547,145.46 $ 3,823,630.14 $ 12,000,383.20 $ 25,796,040.52 $ 6,785,212.33 $ (19,010,828.19) $ -74% 46,206,050.50 $ 29,407,093.35 $ (16,798,957.15) $ -36% Estimated Tax 691,578.00 $ 122,989.00 $ 12,890,169.92 $ 6,618.00 $ 23,500.00 $ 1,297,332.50 $ 662,027.00 $ 920,191.00 $ 9,298,727.04 $ 1,360,223.00 $ 1,066,680.00 $ (293,543.00) $ -22% 24,508,354.44 $ 23,486,229.46 $ (1,022,124.98) $ -4% Withholding Tax 10,612,737.87 $ 16,223,311.89 $ 66,537,495.79 $ 348,060.29 $ 493,625.13 $ 2,648,343.26 $ 4,398,634.99 $ 1,919,587.91 $ 10,451,959.68 $ 15,359,433.15 $ 18,636,524.93 $ 3,277,091.78 $ 21% 80,503,864.98 $ 79,637,798.73 $ (866,066.25) $ -1% Individual Extension 329,277.00 $ 100,600.00 $ 100,600.00 $ 29,000.00 $ - $ - $ - $ 36,840.00 $ 41,840.00 $ 358,277.00 $ 137,440.00 $ (220,837.00) $ -62% 384,406.00 $ 142,440.00 $ (241,966.00) $ -63% Military (Riemb) - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Individual Income Tax Sub-Total 35,776,204.48 19,218,681.46 95,853,416.55 489,961.74 706,926.75 5,027,235.07 6,607,807.45 6,700,249.05 31,792,909.92 42,873,973.67 26,625,857.26 (16,248,116.41) $ -38% 151,602,675.92 132,673,561.54 18,929,114.38 -12% Corporate Income 1,049,757.32 $ 180,544.51 $ 9,894,181.69 $ 12,614.00 $ 4,363.00 $ 45,696.00 $ 167,062.89 $ 11,995.71 $ 254,553.74 $ 1,229,434.21 $ 196,903.22 $ (1,032,530.99) $ -84% 8,731,603.33 $ 10,194,431.43 $ 1,462,828.10 $ 17% Corporate Estimated 271,816.00 $ 119,658.50 $ 7,788,101.79 $ - $ - $ 27,328.00 $ - $ 13,100.00 $ 4,772,918.39 $ 271,816.00 $ 132,758.50 $ (139,057.50) $ -51% 10,873,327.31 $ 12,588,348.18 $ 1,715,020.87 $ 16% Corporate Extension 80,000.00 $ 104,000.00 $ 241,451.50 $ - $ - $ - $ 35,000.00 $ - $ 3,576.00 $ 115,000.00 $ 104,000.00 $ (11,000.00) $ -10% 379,338.00 $ 245,027.50 $ (134,310.50) $ -35% Corporate Income Tax Sub-Total 1,401,573.32 404,203.01 17,923,734.98 12,614.00 4,363.00 73,024.00 202,062.89 25,095.71 5,031,048.13 1,616,250.21 433,661.72 (1,182,588.49) $ -73% 19,984,268.64 23,027,807.11 3,043,538.47 15% Total Income Taxes 37,177,777.80 19,622,884.47 113,777,151.53 502,575.74 711,289.75 5,100,259.07 6,809,870.34 6,725,344.76 36,823,958.05 44,490,223.88 27,059,518.98 (17,430,704.90) $ -39% 171,586,944.56 155,701,368.65 15,885,575.91 -9% Gross Receipts Tax* ` 17,198,413.77 $ 18,946,584.81 $ 69,830,983.48 $ 868,114.43 $ 1,233,028.18 $ 3,966,411.39 $ 4,439,875.15 $ 4,959,490.23 $ 23,931,994.25 $ 22,506,403.35 $ 25,139,103.22 $ 2,632,699.87 $ 12% 91,483,620.74 $ 97,729,389.12 $ 6,245,768.38 $ 7% Excise Tax 2,671,212.23 $ 2,468,976.23 $ 13,696,754.11 $ - $ 15.00 $ 63.00 $ 517,802.08 $ 432,685.83 $ 1,712,773.68 $ 3,189,014.31 $ 2,901,677.06 $ (287,337.25) $ -9% 15,502,175.39 $ 15,409,590.79 $ (92,584.60) $ -1% Entertainment Tax 20,900.00 $ - $ - $ - $ - $ - $ - $ - $ - $ 20,900.00 $ - $ (20,900.00) $ -100% 20,900.00 $ - $ (20,900.00) $ -100% Franchise Fee 151,350.72 $ - $ - $ - $ - $ - $ - $ - $ - $ 151,350.72 $ - $ (151,350.72) $ -100% 306,208.01 $ - $ (306,208.01) $ -100% Miscellaneous, Photo Copy, Etc. 2,084.00 $ 2,626.00 $ 12,561.00 $ - $ - $ - $ 1,378.00 $ 180.00 $ 2,758.00 $ 3,462.00 $ 2,806.00 $ (656.00) $ -19% 16,395.10 $ 15,319.00 $ (1,076.10) $ -7% Environmental Infrastructure Impact Fee 85% 432,501.25 $ 515,054.94 $ 1,761,291.53 $ - $ - $ - $ 2,890.00 $ - $ 1,912.50 $ 435,391.25 $ 515,054.94 $ 79,663.69 $ 18% 1,631,128.75 $ 1,763,204.03 $ 132,075.28 $ 8% Total Other General Fund Taxes 20,476,461.97 21,933,241.98 85,301,590.12 868,114.43 1,233,043.18 3,966,474.39 4,961,945.23 5,392,356.06 25,649,438.43 26,306,521.63 28,558,641.22 2,252,119.59 $ 9% 108,960,427.99 114,917,502.94 5,957,074.95 5% 57,654,239.77 41,556,126.45 199,078,741.65 1,370,690.17 1,944,332.93 9,066,733.46 11,771,815.57 12,117,700.82 62,473,396.48 70,796,745.51 55,618,160.20 (15,178,585.31) $ -21% 280,547,372.55 270,618,871.59 9,928,500.96 -4% Special Funds Fuel Tax (Transportation Fund/WAPA Instructure)*** 0 511,000.98 $ 338,770.20 $ 1,495,411.41 $ - $ 14,162.40 $ 36,160.04 $ 9,240.00 $ 9,315.00 $ 87,485.40 $ 520,240.98 $ 362,247.60 $ (157,993.38) $ -30% 1,769,441.48 $ 1,619,056.85 $ (150,384.63) $ -8% Highway Users' Tax (Transportation Fund) 181,931.72 $ 192,203.40 $ 1,110,611.00 $ 10,614.72 $ 7,318.88 $ 73,592.16 $ 151,623.52 $ 88,977.92 $ 701,896.05 $ 344,169.96 $ 288,500.20 $ (55,669.76) $ -16% 1,789,192.56 $ 1,886,099.21 $ 96,906.65 $ 5% Hotel Room Tax 3,398,568.85 $ 4,210,702.70 $ 12,326,842.84 $ 159,529.47 $ 215,343.16 $ 654,354.03 $ 387,285.92 $ 748,362.56 $ 2,135,649.34 $ 3,945,384.24 $ 5,174,408.42 $ 1,229,024.18 $ 31% 11,849,771.82 $ 15,116,846.21 $ 3,267,074.39 $ 28% Non-Hotel Room Tax 1,403,400.60 $ 1,721,179.70 $ 3,635,361.69 $ 513,705.06 $ 736,205.83 $ 1,699,169.15 $ 124,090.26 $ 107,979.61 $ 317,368.68 $ 2,041,195.92 $ 2,565,365.14 $ 524,169.22 $ 26% 5,243,540.88 $ 5,621,402.15 $ 377,861.27 $ 7% Environmental Infrastructure Impact Fee 15% 76,323.75 $ 90,892.05 $ 310,816.15 $ - $ - $ - $ 510.00 $ - $ 337.50 $ 76,833.75 $ 90,892.05 $ 14,058.30 $ 18% 287,846.25 $ 311,153.65 $ 23,307.40 $ 8% Gross Casino (Casino Revenue Fund) - $ - $ - $ - $ - $ - $ 162,235.02 $ 136,993.68 $ 871,405.48 $ 162,235.02 $ 136,993.68 $ (25,241.34) $ -16% 901,314.74 $ 871,405.48 $ (29,909.26) $ -3% Racino - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Lonesome Dove Fund - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% 575,000.00 $ - $ (575,000.00) $ -100% Arbitration Deposit - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Production Tax - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Vehicle Rental Surcharge (VI Education Initiative Fund) 57,662.18 $ 459,765.20 $ 866,627.00 $ 44,475.00 $ 51,815.00 $ 158,812.70 $ 71,691.25 $ 104,420.80 $ 370,625.80 $ 173,828.43 $ 616,001.00 $ 442,172.57 $ 254% 921,366.87 $ 1,396,065.50 $ 474,698.63 $ 52% Investment Alternative Tax - $ - $ - $ - $ - $ - $ - $ 30,384.45 $ 62,171.07 $ - $ 30,384.45 $ 30,384.45 $ 0% 59,970.10 $ 62,171.07 $ 2,200.97 $ 4% Total Special Funds Revenue 5,628,888.08 7,013,513.25 19,745,670.09 728,324.25 1,024,845.27 2,622,088.08 906,675.97 1,226,434.02 4,546,939.32 7,263,888.30 9,264,792.54 2,000,904.24 $ 28% 23,397,444.70 26,884,200.12 3,486,755.42 15% TOTAL MONTHLY REVENUE COLLECTIONS 63,283,127.85 $ 48,569,639.70 $ 218,824,411.74 $ 2,099,014.42 $ 2,969,178.20 $ 11,688,821.54 $ 12,678,491.54 $ 13,344,134.84 $ 67,020,335.80 $ 78,060,633.81 $ 64,882,952.74 $ (13,177,681.07) $ -17% 303,944,817.25 $ 297,503,071.71 $ (6,441,745.54) $ -2% Total of All Islands Class of Tax Total General Fund Revenue St. Thomas St. John St. Croix