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BUREAU OF INTERNAL REVENUE FISCAL YEAR 2024 FEBRUARY MONTHLY COLLECTION REPORT Collection Collection Cummulative Collection Collection Cummulative Collection Collection Cummulative Collection Collection Collection Cummulative Cummulative Cummulative FY 2024 FY 2024 FY 2024 FY 2024 FY 2024 FY 2024 FY 2024 FY 2024 FY 2024 FY 2024 FY 2024 FY 2022 & FY 2023 % FY 2024 FY 2024 FY 2022 & FY 2023 % Feb-23 Feb-24 Feb-24 Feb-23 Feb-24 Feb-24 Feb-23 Feb-24 Feb-24 Feb-23 Feb-24 Difference INC/DEC Feb-23 Feb-24 Difference INC/DEC Individual Income 2,989,216.83 $ 2,196,196.64 $ 24,983,643.82 $ 97,405.20 $ 1,190,748.31 $ 1,726,278.12 $ 548,608.41 $ 368,708.25 $ 7,689,701.83 $ 3,635,230.44 $ 3,755,653.20 $ 120,422.76 $ 3% 33,205,705.19 $ 34,399,623.77 $ 1,193,918.58 $ 4% Estimated Tax 53,708.00 $ 1,974,871.00 $ 20,297,749.63 $ 35,929.00 $ - $ 1,200,621.00 $ 471,828.00 $ 402,538.00 $ 7,228,900.84 $ 561,465.00 $ 2,377,409.00 $ 1,815,944.00 $ 323% 23,186,960.06 $ 28,727,271.47 $ 5,540,311.41 $ 24% Withholding Tax 10,500,401.85 $ 12,196,830.68 $ 69,585,568.21 $ 375,750.73 $ 347,596.46 $ 1,704,025.63 $ 3,724,007.63 $ 2,657,728.34 $ 21,996,103.02 $ 14,600,160.21 $ 15,202,155.48 $ 601,995.27 $ 4% 87,051,157.23 $ 93,285,696.86 $ 6,234,539.63 $ 7% Individual Extension 20,101.00 $ 119,425.00 $ 185,525.00 $ - $ - $ - $ 31,000.00 $ - $ - $ 51,101.00 $ 119,425.00 $ 68,324.00 $ 134% 51,101.00 $ 185,525.00 $ 134,424.00 $ 263% Military (Riemb) - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Individual Income Tax Sub-Total 13,563,427.68 16,487,323.32 115,052,486.66 509,084.93 1,538,344.77 4,630,924.75 4,775,444.04 3,428,974.59 36,914,705.69 18,847,956.65 21,454,642.68 2,606,686.03 $ 14% 143,494,923.48 156,598,117.10 13,103,193.62 9% Corporate Income 129,148.50 $ 587,465.84 $ 4,301,640.71 $ 7,495.00 $ 10,070.00 $ 30,451.00 $ 11,188.89 $ 144,059.53 $ 882,473.18 $ 147,832.39 $ 741,595.37 $ 593,762.98 $ 402% 5,167,138.82 $ 5,214,564.89 $ 47,426.07 $ 1% Corporate Estimated 1,151,996.93 $ 212,000.00 $ 5,131,047.18 $ - $ - $ 52,370.00 $ - $ 158,494.00 $ 5,752,740.00 $ 1,151,996.93 $ 370,494.00 $ (781,502.93) $ -68% 15,672,306.93 $ 10,936,157.18 $ (4,736,149.75) $ -30% Corporate Extension 60,000.00 $ 44,000.00 $ 1,029,468.22 $ - $ - $ - $ 1,710.00 $ 36,851.00 $ 38,851.00 $ 61,710.00 $ 80,851.00 $ 19,141.00 $ 31% 887,152.00 $ 1,068,319.22 $ 181,167.22 $ 20% Corporate Income Tax Sub-Total 1,341,145.43 843,465.84 10,462,156.11 7,495.00 10,070.00 82,821.00 12,898.89 339,404.53 6,674,064.18 1,361,539.32 1,192,940.37 (168,598.95) $ -12% 21,726,597.75 17,219,041.29 4,507,556.46 -21% Total Income Taxes 14,904,573.11 17,330,789.16 125,514,642.77 516,579.93 1,548,414.77 4,713,745.75 4,788,342.93 3,768,379.12 43,588,769.87 20,209,495.97 22,647,583.05 2,438,087.08 $ 12% 165,221,521.23 173,817,158.39 8,595,637.16 5% Gross Receipts Tax* ` 11,350,412.55 $ 13,868,268.95 $ 62,431,581.34 $ 1,224,862.54 $ 879,794.12 $ 3,883,694.28 $ 4,450,592.29 $ 4,741,065.96 $ 19,139,991.54 $ 17,025,867.38 $ 19,489,129.03 $ 2,463,261.65 $ 14% 83,677,080.17 $ 85,455,267.16 $ 1,778,186.99 $ 2% Excise Tax 3,318,624.95 $ 2,414,872.79 $ 13,284,703.94 $ 14.00 $ 91.00 $ 245.00 $ 281,916.24 $ 380,046.23 $ 1,809,717.21 $ 3,600,555.19 $ 2,795,010.02 $ (805,545.17) $ -22% 16,259,593.04 $ 15,094,666.15 $ (1,164,926.89) $ -7% Entertainment Tax - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Franchise Fee 163,818.45 $ - $ 335,086.00 $ - $ - $ - $ - $ - $ - $ 163,818.45 $ - $ (163,818.45) $ -100% 329,071.15 $ 335,086.00 $ 6,014.85 $ 2% Miscellaneous, Photo Copy, Etc. 3,153.00 $ 2,997.00 $ 9,312.00 $ - $ - $ - $ 933.00 $ 665.00 $ 4,397.00 $ 4,086.00 $ 3,662.00 $ (424.00) $ -10% 17,381.00 $ 13,709.00 $ (3,672.00) $ -21% Environmental Infrastructure Impact Fee 85% 505,303.75 $ 201,280.00 $ 1,584,706.00 $ - $ - $ - $ - $ 616.25 $ 2,422.50 $ 505,303.75 $ 201,896.25 $ (303,407.50) $ -60% 1,498,656.28 $ 1,587,128.50 $ 88,472.22 $ 6% Total Other General Fund Taxes 15,341,312.70 16,487,418.74 77,645,389.28 1,224,876.54 879,885.12 3,883,939.28 4,733,441.53 5,122,393.44 20,956,528.25 21,299,630.77 22,489,697.30 1,190,066.53 $ 6% 101,781,781.64 102,485,856.81 704,075.17 1% 30,245,885.81 33,818,207.90 203,160,032.05 1,741,456.47 2,428,299.89 8,597,685.03 9,521,784.46 8,890,772.56 64,545,298.12 41,509,126.74 45,137,280.35 3,628,153.61 $ 9% 267,003,302.87 276,303,015.20 9,299,712.33 3% Special Funds Fuel Tax (Transportation Fund/WAPA Instructure)*** 124,183.64 $ 342,161.84 $ 1,608,885.35 $ - $ - $ - $ 142,545.21 $ 5,314.40 $ 415,605.52 $ 266,728.85 $ 347,476.24 $ 80,747.39 $ 30% 1,505,182.85 $ 2,024,490.87 $ 519,308.02 $ 35% Highway Users' Tax (Transportation Fund) 211,728.62 $ 135,679.68 $ 1,016,388.28 $ 13,384.96 $ 4,948.64 $ 43,680.00 $ 146,394.08 $ 118,261.12 $ 709,374.88 $ 371,507.66 $ 258,889.44 $ (112,618.22) $ -30% 1,783,244.66 $ 1,769,443.16 $ (13,801.50) $ -1% Hotel Room Tax 650,812.42 $ 2,992,860.36 $ 8,775,155.87 $ 115,781.42 $ 209,867.65 $ 685,406.74 $ 195,220.60 $ 543,979.64 $ 1,465,213.60 $ 961,814.44 $ 3,746,707.65 $ 2,784,893.21 $ 290% 10,449,905.22 $ 10,925,776.21 $ 475,870.99 $ 5% Non-Hotel Room Tax 2,014,787.26 $ 816,689.06 $ 3,870,323.65 $ 811,294.32 $ 607,779.97 $ 1,323,751.54 $ 78,074.31 $ 88,317.36 $ 567,245.38 $ 2,904,155.89 $ 1,512,786.39 $ (1,391,369.50) $ -48% 2,904,155.89 $ 5,761,320.58 $ 2,857,164.69 $ 98% Environmental Infrastructure Impact Fee 15% 89,171.25 $ 35,520.00 $ 279,654.00 $ - $ - $ - $ - $ 108.75 $ 427.50 $ 89,171.25 $ 35,628.75 $ (53,542.50) $ -60% 264,468.76 $ 280,081.50 $ 15,612.74 $ 6% Gross Casino (Casino Revenue Fund) - $ - $ - $ - $ - $ - $ 137,858.63 $ 173,879.45 $ 854,449.12 $ 137,858.63 $ 173,879.45 $ 36,020.82 $ 26% 835,565.69 $ 854,449.12 $ 18,883.43 $ 2% Racino - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Lonesome Dove Fund 450,000.00 $ - $ 100,000.00 $ - $ - $ - $ - $ - $ - $ 450,000.00 $ - $ (450,000.00) $ -100% 1,675,000.00 $ 100,000.00 $ (1,575,000.00) $ -94% Arbitration Deposit - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Production Tax - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 0% - $ - $ - $ 0% Vehicle Rental Surcharge (VI Education Initiative Fund) 126,105.96 $ 27,842.64 $ 27,842.64 $ 37,834.25 $ 42,120.00 $ 42,120.00 $ 82,792.50 $ 86,262.00 $ 86,262.00 $ 246,732.71 $ 156,224.64 $ (90,508.07) $ -37% 246,732.71 $ 156,224.64 $ (90,508.07) $ -37% Investment Alternative Tax - $ - $ 365,371.50 $ - $ - $ 96,353.64 $ - $ - $ 181,152.86 $ - $ - $ - $ 0% 643,351.96 $ 642,878.00 $ (473.96) $ 0% Total Special Funds Revenue 3,666,789.15 4,350,753.58 16,043,621.29 978,294.95 864,716.26 2,191,311.92 782,885.33 1,016,122.72 4,279,730.86 5,427,969.43 6,231,592.56 803,623.13 $ 15% 20,307,607.74 22,514,664.08 2,207,056.34 11% TOTAL MONTHLY REVENUE COLLECTIONS 33,912,674.96 $ 38,168,961.48 $ 219,203,653.34 $ 2,719,751.42 $ 3,293,016.15 $ 10,788,996.95 $ 10,304,669.79 $ 9,906,895.28 $ 68,825,028.98 $ 46,937,096.17 $ 51,368,872.91 $ 4,431,776.74 $ 9% 287,310,910.61 $ 298,817,679.28 $ 11,506,768.67 $ 4% Total of All Islands Class of Tax Total General Fund Revenue St. Thomas St. John St. Croix