February 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 FEBRUARY 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 % Feb-19 Feb-20 Feb-20 Feb-19 Feb-20 Feb-20 Feb-19 Feb-20 Feb-20 Feb-19 Feb-20 Difference INC/DEC Feb-19 Feb-20 Difference INC/DEC Individual Income 2,019,365.09 $ 1,148,699.80 $ 11,716,019.85 $ 54,547.41 $ 33,172.86 $ 252,648.06 $ 605,605.96 $ 616,983.32 $ 5,686,561.04 $ 2,679,518.46 $ 1,798,855.98 $ (880,662.48) $ -33% 27,457,594.34 $ 17,655,228.95 $ (9,802,365.39) $ -36% Estimated Tax 488,111.00 $ 349,311.00 $ 19,515,541.36 $ 43,249.00 $ 11,710.00 $ 567,565.27 $ 284,052.00 $ 384,533.10 $ 13,828,956.29 $ 815,412.00 $ 745,554.10 $ (69,857.90) $ -9% 22,003,960.91 $ 33,912,062.92 $ 11,908,102.01 $ 54% Withholding Tax 10,334,875.86 $ 10,370,587.53 $ 57,378,020.22 $ 248,228.19 $ 297,277.17 $ 1,472,112.83 $ 5,790,319.72 $ 7,973,600.91 $ 43,950,747.30 $ 16,373,423.77 $ 18,641,465.61 $ 2,268,041.84 $ 14% 85,477,113.77 $ 102,800,880.35 $ 17,323,766.58 $ 20% Individual Extension 11,110.00 $ 611,391.00 $ 611,391.00 $ - $ 2,088.00 $ 2,088.00 $ 200,000.00 $ - $ - $ 211,110.00 $ 613,479.00 $ 402,369.00 $ 191% 271,190.00 $ 613,479.00 $ 342,289.00 $ 126% Military (Riemb) - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Individual Income Tax Sub-Tota 12,853,461.95 12,479,989.33 89,220,972.43 346,024.60 344,248.03 2,294,414.16 6,879,977.68 8,975,117.33 63,466,264.63 20,079,464.23 21,799,354.69 1,719,890.46 $ 9% 135,209,859.02 154,981,651.22 19,771,792.20 15% Corporate Income 214,306.97 $ 248,085.22 $ 4,649,707.43 $ - $ 2,138.00 $ 5,498.52 $ 18,123.32 $ 139,064.84 $ 2,898,176.08 $ 232,430.29 $ 389,288.06 $ 156,857.77 $ 67% 4,313,649.09 $ 7,553,382.03 $ 3,239,732.94 $ 75% Corporate Estimated 41,000.00 $ 80,000.00 $ 3,267,751.39 $ - $ - $ - $ 26,000.00 $ - $ 2,906,995.00 $ 67,000.00 $ 80,000.00 $ 13,000.00 $ 19% 13,743,645.56 $ 6,174,746.39 $ (7,568,899.17) $ -55% Corporate Extension 26,000.00 $ 300.57 $ 1,335,683.57 $ - $ - $ - $ 6,204.00 $ 3,376,267.00 $ 3,400,302.00 $ 32,204.00 $ 3,376,567.57 $ 3,344,363.57 $ 10385% 427,903.64 $ 4,735,985.57 $ 4,308,081.93 $ 1007% Corporate Income Tax Sub-Tota 281,306.97 328,385.79 9,253,142.39 0.00 2,138.00 5,498.52 50,327.32 3,515,331.84 9,205,473.08 331,634.29 3,845,855.63 3,514,221.34 $ 1060% 18,485,198.29 18,464,113.99 21,084.30 0% Total Income Taxes 13,134,768.92 12,808,375.12 98,474,114.82 346,024.60 346,386.03 2,299,912.68 6,930,305.00 12,490,449.17 72,671,737.71 20,411,098.52 25,645,210.32 5,234,111.80 $ 26% 153,695,057.31 173,445,765.21 19,750,707.90 13% Gross Receipts Tax* ` 12,469,571.67 $ 12,055,634.37 $ 56,912,638.35 $ 743,915.55 $ 849,307.48 $ 3,075,016.91 $ 5,364,165.71 $ 8,449,785.50 $ 44,511,370.24 $ 18,577,652.93 $ 21,354,727.35 $ 2,777,074.42 $ 15% 97,186,083.99 $ 104,499,025.50 $ 7,312,941.51 $ 8% Excise Tax 123,292.25 $ 134,689.00 $ 738,338.78 $ 550.00 $ - $ 383.00 $ 93,577.56 $ 20,544.00 $ 147,371.71 $ 217,419.81 $ 155,233.00 $ (62,186.81) $ -29% 9,451,434.02 $ 886,093.49 $ (8,565,340.53) $ -91% Entertainment Tax - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Franchise Fee 165,420.83 $ - $ 383,178.95 $ - $ - $ - $ - $ - $ - $ 165,420.83 $ - $ (165,420.83) $ -100% 315,990.28 $ 383,178.95 $ 67,188.67 $ 21% Miscellaneous, Photo Copy, Etc. 3,014.00 $ 3,216.50 $ 27,262.50 $ - $ - $ - $ 2,900.00 $ 939.00 $ 5,943.00 $ 5,914.00 $ 4,155.50 $ (1,758.50) $ -30% 34,630.37 $ 33,205.50 $ (1,424.87) $ -4% Environmental Infrastructure Impact Fee 85% 193,842.50 $ 221,892.50 $ 1,240,702.50 $ 3,293.75 $ - $ 4,611.25 $ 743.75 $ - $ 58,076.25 $ 197,880.00 $ 221,892.50 $ 24,012.50 $ 12% 839,938.58 $ 1,303,390.00 $ 463,451.43 $ 55% Total Other General Fund Taxes 12,955,141.25 12,415,432.37 59,302,121.08 747,759.30 849,307.48 3,080,011.16 5,461,387.02 8,471,268.50 44,722,761.20 19,164,287.57 21,736,008.35 2,571,720.78 $ 13% 107,828,077.24 107,104,893.44 723,183.80 -1% 26,089,910.17 25,223,807.49 157,776,235.90 1,093,783.90 1,195,693.51 5,379,923.84 12,391,692.02 20,961,717.67 117,394,498.91 39,575,386.09 47,381,218.67 7,805,832.58 $ 20% 261,523,134.55 280,550,658.65 19,027,524.11 7% Special Funds Fuel Tax (Transportation Fund/WAPA Instructure)*** 124,217.38 $ 129,658.68 $ 808,919.84 $ - $ 14,280.00 $ 61,262.04 $ 404,275.14 $ 401,405.95 $ 1,209,359.93 $ 528,492.52 $ 545,344.63 $ 16,852.11 $ 3% 2,386,616.77 $ 2,079,541.81 $ (307,074.96) $ -13% Highway Users' Tax (Transportation Fund) 362,876.52 $ 186,159.52 $ 1,078,950.25 $ 20,349.28 $ 7,915.68 $ 81,542.16 $ 256,100.17 $ 266,924.64 $ 1,530,143.88 $ 639,325.97 $ 460,999.84 $ (178,326.13) $ -28% 3,095,890.96 $ 2,690,636.29 $ (405,254.67) $ -13% Hotel Room Tax 1,029,538.77 $ 1,496,373.79 $ 5,767,929.12 $ 461,900.75 $ 614,126.41 $ 1,260,355.12 $ 508,881.86 $ 482,286.57 $ 1,852,657.17 $ 2,000,321.38 $ 2,592,786.77 $ 592,465.39 $ 30% 7,455,866.88 $ 8,880,941.41 $ 1,425,074.53 $ 19% Environmental Infrastructure Impact Fee 15% 34,207.50 $ 39,157.50 $ 218,947.50 $ 581.25 $ - $ 813.75 $ 131.25 $ - $ 10,248.75 $ 34,920.00 $ 39,157.50 $ 4,237.50 $ 12% 101,356.43 $ 230,010.00 $ 128,653.58 $ 127% Gross Casino (Casino Revenue Fund) - $ - $ - $ - $ - $ - $ 153,871.34 $ 195,367.29 $ 893,964.60 $ 153,871.34 $ 195,367.29 $ 41,495.95 $ 27% 862,262.90 $ 893,964.60 $ 31,701.70 $ 4% 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) 76,520.04 $ 79,077.25 $ 253,112.09 $ 26,201.25 $ 33,900.00 $ 133,627.33 $ 74,673.75 $ 140,812.50 $ 743,816.50 $ 177,395.04 $ 253,789.75 $ 76,394.71 $ 43% 1,133,050.84 $ 1,130,555.92 $ (2,494.92) $ 0% Investment Alternative Tax - $ - $ - $ - $ - $ - $ - $ - $ 73,255.87 $ - $ - $ - $ 0% 51,244.50 $ 73,255.87 $ 22,011.37 $ 43% Total Special Funds Revenue 1,627,360.21 1,930,426.74 8,127,858.80 509,032.53 670,222.09 1,537,600.41 1,397,933.51 1,486,796.95 6,313,446.70 3,534,326.25 4,087,445.78 553,119.53 $ 16% 15,161,289.28 15,978,905.91 817,616.63 5% TOTAL MONTHLY REVENUE COLLECTIONS 27,717,270.38 $ 27,154,234.23 $ 165,904,094.70 $ 1,602,816.43 $ 1,865,915.60 $ 6,917,524.25 $ 13,789,625.53 $ 22,448,514.62 $ 123,707,945.61 $ 43,109,712.34 $ 51,468,664.45 $ 8,358,952.11 $ 19% 276,684,423.82 $ 296,529,564.56 $ 19,845,140.74 $ 7% Total of All Islands Class of Tax Total General Fund Revenue St. Thomas St. John St. Croix