December 2021

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 DECEMBER 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 % Dec-20 Dec-21 Dec-21 Dec-20 Dec-21 Dec-21 Dec-20 Dec-21 Dec-21 Dec-20 Dec-21 Difference INC/DEC Dec-20 Dec-21 Difference INC/DEC Individual Income 2,007,424.66 $ 708,002.22 $ 10,505,871.09 $ 23,355.40 $ 19,718.81 $ 106,507.51 $ 745,863.36 $ 577,950.67 $ 3,896,383.78 $ 2,776,643.42 $ 1,305,671.70 $ (1,470,971.72) $ -53% 27,845,489.30 $ 14,508,762.38 $ (13,336,726.92) $ -48% Estimated Tax 1,206,434.50 $ 1,693,573.65 $ 3,252,048.40 $ 134,421.00 $ 59,471.00 $ 165,751.00 $ 636,206.00 $ 1,016,624.00 $ 1,458,466.00 $ 1,977,061.50 $ 2,769,668.65 $ 792,607.15 $ 40% 4,812,895.10 $ 4,876,265.40 $ 63,370.30 $ 1% Withholding Tax 8,976,309.56 $ 13,882,723.22 $ 37,558,276.53 $ 214,506.27 $ 400,253.69 $ 946,990.91 $ 6,542,714.66 $ 6,795,115.72 $ 15,537,958.54 $ 15,733,530.49 $ 21,078,092.63 $ 5,344,562.14 $ 34% 47,242,349.71 $ 54,043,225.98 $ 6,800,876.27 $ 14% Individual Extension - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Military (Riemb) - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Individual Income Tax Sub-Total 12,190,168.72 16,284,299.09 51,316,196.02 372,282.67 479,443.50 1,219,249.42 7,924,784.02 8,389,690.39 20,892,808.32 20,487,235.41 25,153,432.98 4,666,197.57 $ 23% 79,900,734.11 73,428,253.76 6,472,480.35 -8% Corporate Income 3,627,472.61 $ 6,176,384.53 $ 14,383,218.89 $ 7,486.00 $ 15,000.00 $ 17,733.00 $ 423,539.00 $ 62,674.67 $ 469,273.73 $ 4,058,497.61 $ 6,254,059.20 $ 2,195,561.59 $ 54% 6,841,030.28 $ 14,870,225.62 $ 8,029,195.34 $ 117% Corporate Estimated 1,410,962.00 $ 1,871,113.00 $ 2,684,212.00 $ - $ 10,716.00 $ 10,716.00 $ 3,185,532.00 $ 4,791,919.00 $ 4,819,774.00 $ 4,596,494.00 $ 6,673,748.00 $ 2,077,254.00 $ 45% 4,819,882.00 $ 7,514,702.00 $ 2,694,820.00 $ 56% Corporate Extension 97,050.00 $ 98,955.00 $ 1,539,289.00 $ - $ - $ - $ - $ - $ - $ 97,050.00 $ 98,955.00 $ 1,905.00 $ 2% 2,747,050.00 $ 1,539,289.00 $ (1,207,761.00) $ -44% Corporate Income Tax Sub-Total 5,135,484.61 8,146,452.53 18,606,719.89 7,486.00 25,716.00 28,449.00 3,609,071.00 4,854,593.67 5,289,047.73 8,752,041.61 13,026,762.20 4,274,720.59 $ 49% 14,407,962.28 23,924,216.62 9,516,254.34 $ 66% Total Income Taxes 17,325,653.33 24,430,751.62 69,922,915.91 379,768.67 505,159.50 1,247,698.42 11,533,855.02 13,244,284.06 26,181,856.05 29,239,277.02 38,180,195.18 8,940,918.16 $ 31% 94,308,696.39 97,352,470.38 3,043,773.99 3% Gross Receipts Tax* ` 10,571,258.76 $ 13,384,740.03 $ 37,202,550.12 $ 685,015.03 $ 1,001,820.93 $ 2,550,854.21 $ 7,661,590.48 $ 4,829,437.95 $ 13,680,671.86 $ 18,917,864.27 $ 19,215,998.91 $ 298,134.64 $ 2% 48,655,984.16 $ 53,434,076.19 $ 4,778,092.03 $ 10% Excise Tax 182,478.15 $ 3,046,760.81 $ 8,916,942.03 $ - $ - $ - $ 24,604.00 $ 265,790.19 $ 1,049,365.58 $ 207,082.15 $ 3,312,551.00 $ 3,105,468.85 $ 1500% 674,671.81 $ 9,966,307.61 $ 9,291,635.80 $ 1377% Entertainment Tax - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Franchise Fee - $ - $ 180,158.90 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ #DIV/0! 187,081.02 $ 180,158.90 $ (6,922.12) $ -4% Miscellaneous, Photo Copy, Etc. 4,609.00 $ 3,310.00 $ 10,446.24 $ - $ - $ - $ 2,515.00 $ 1,288.00 $ 4,285.00 $ 7,124.00 $ 4,598.00 $ (2,526.00) $ -35% 16,195.00 $ 14,731.24 $ (1,463.76) $ -9% Environmental Infrastructure Impact Fee 85% 172,082.50 $ 383,286.25 $ 980,950.58 $ 2,146.25 $ - $ 2,528.75 $ - $ - $ - $ 174,228.75 $ 383,286.25 $ 209,057.50 $ 0% 480,022.20 $ 983,479.33 $ 503,457.13 $ 105% Total Other General Fund Taxes 10,930,428.41 16,818,097.09 47,291,047.87 687,161.28 1,001,820.93 2,553,382.96 7,688,709.48 5,096,516.14 14,734,322.44 19,306,299.17 22,916,434.16 3,610,134.99 $ 19% 50,013,954.19 64,578,753.27 14,564,799.08 $ 29% 28,256,081.74 41,248,848.71 117,213,963.78 1,066,929.95 1,506,980.43 3,801,081.38 19,222,564.50 18,340,800.20 40,916,178.49 48,545,576.19 61,096,629.34 12,551,053.15 $ 26% 144,322,650.58 161,931,223.65 17,608,573.07 12% Special Funds Fuel Tax (Transportation Fund/WAPA Instructure)*** 173,599.56 $ 166,116.86 $ 492,450.00 $ 10,080.00 $ - $ 23,520.00 $ 398,283.17 $ 208,596.08 $ 379,497.86 $ 581,962.73 $ 374,712.94 $ (207,249.79) $ -36% 1,051,647.76 $ 895,467.86 $ (156,179.90) $ -15% Highway Users' Tax (Transportation Fund) 223,082.56 $ 159,850.56 $ 477,676.00 $ 15,048.32 $ 33,260.64 $ 117,374.24 $ 253,882.60 $ 160,498.40 $ 468,665.28 $ 492,013.48 $ 353,609.60 $ (138,403.88) $ -28% 1,190,450.92 $ 1,063,715.52 $ (126,735.40) $ -11% Hotel Room Tax 1,083,073.53 $ 2,201,983.59 $ 5,833,299.40 $ 274,259.98 $ 605,026.04 $ 1,144,252.48 $ 204,240.10 $ 243,575.65 $ 684,341.01 $ 1,561,573.61 $ 3,050,585.28 $ 1,489,011.67 $ 95% 2,970,034.69 $ 7,661,892.89 $ 4,691,858.20 $ 158% Environmental Infrastructure Impact Fee 15% 30,367.50 $ 67,638.75 $ 173,108.93 $ 378.75 $ - $ 446.25 $ - $ - $ - $ 30,746.25 $ 67,638.75 $ 36,892.50 $ 0% 84,709.80 $ 173,555.18 $ 88,845.38 $ 105% Gross Casino (Casino Revenue Fund) - $ - $ - $ - $ - $ - $ 163,329.89 $ 398,302.00 $ 746,917.54 $ 163,329.89 $ 398,302.00 $ 234,972.11 $ 144% 495,117.65 $ 746,917.54 $ 251,799.89 $ 51% Racino - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Lonesome Dove Fund - $ 85,000.00 $ 315,000.00 $ - $ - $ - $ - $ - $ - $ - $ 85,000.00 $ 85,000.00 $ 0% 200,000.00 $ 315,000.00 $ 115,000.00 $ 0% Arbitration Deposit - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Production Tax - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Vehicle Rental Surcharge (VI Education Initiative Fund) 57,188.09 $ 61,062.52 $ 180,401.18 $ 22,831.81 $ 44,362.46 $ 84,035.60 $ 92,553.75 $ 112,823.75 $ 341,363.25 $ 172,573.65 $ 218,248.73 $ 45,675.08 $ 26% 435,815.99 $ 605,800.03 $ 169,984.04 $ 39% Investment Alternative Tax - $ - $ - $ - $ - $ - $ - $ - $ 37,583.30 $ - $ - $ - $ 0% 6,751.03 $ 37,583.30 $ 30,832.27 $ 457% Total Special Funds Revenue 1,567,311.24 2,741,652.28 7,471,935.51 322,598.86 682,649.14 1,369,628.57 1,112,289.51 1,123,795.88 2,658,368.24 3,002,199.61 4,548,097.30 1,545,897.69 $ 51% 6,434,527.84 11,499,932.32 5,065,404.48 79% TOTAL MONTHLY REVENUE COLLECTIONS 29,823,392.98 $ 43,990,500.99 $ 124,685,899.28 $ 1,389,528.81 $ 2,189,629.57 $ 5,170,709.95 $ 20,334,854.01 $ 19,464,596.08 $ 43,574,546.73 $ 51,547,775.80 $ 65,644,726.64 $ 14,096,950.84 $ 27% 150,757,178.42 $ 173,431,155.96 $ 22,673,977.54 $ 15% Total of All Islands Class of Tax Total General Fund Revenue St. Thomas St. John St. Croix