BUREAU OF INTERNAL REVENUE
FISCAL YEAR 2024
JULY MONTHLY COLLECTION REPORT
Collection
Collection
Cummulative
Collection
Collection
Cummulative
Collection
Collection
Cummulative
Collection
Collection
Collection
Cummulative
Cummulative
Cummulative
FY 2023
FY 2024
FY 2024
FY 2023
FY 2024
FY 2024
FY 2023
FY 2024
FY 2024
FY 2023
FY 2024
FY 2022 &  FY 2023
%
FY 2023
FY 2024
FY 2022 & FY 2023
%
Jul-23
Jul-24
Jul-24
Jul-23
Jul-24
Jul-24
Jul-23
Jul-24
Jul-24
Jul-23
Jul-24
Difference
INC/DEC
Jul-23
Jul-24
Difference
INC/DEC
Individual Income
2,453,655.12
$
1,327,810.49
$
49,944,984.55
$
56,723.07
$
66,521.09
$
4,427,490.02
$
633,897.95
$
583,650.11
$
20,367,840.69
$
3,144,276.14
$
1,977,981.69
$
(1,166,294.45)
$
-37%
103,168,164.27
$
74,740,315.26
$
(28,427,849.01)
$
-28%
Estimated Tax
971,989.00
$
744,885.00
$
29,706,159.44
$
50,908.00
$
67,793.00
$
2,191,731.00
$
273,964.69
$
236,643.23
$
13,145,071.32
$
1,296,861.69
$
1,049,321.23
$
(247,540.46)
$
-19%
40,973,223.75
$
45,042,961.76
$
4,069,738.01
$
10%
Withholding Tax
9,284,543.02
$
9,987,651.33
$
121,445,940.61
$
329,663.24
$
357,254.83
$
3,371,561.29
$
4,001,253.36
$
3,951,558.83
$
44,787,122.28
$
13,615,459.62
$
14,296,464.99
$
681,005.37
$
5%
172,527,057.33
$
169,604,624.18
$
(2,922,433.15)
$
-2%
Individual Extension
-
$
-
$
42,351,999.07
$
-
$
-
$
631,229.00
$
-
$
-
$
16,515,086.00
$
-
$
-
$
-
$
0%
61,507,296.50
$
59,498,314.07
$
(2,008,982.43)
$
-3%
Military (Riemb)
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
0%
-
$
-
$
-
$
0%
Individual Income Tax Sub-Total
12,710,187.14
12,060,346.82
243,449,083.67
437,294.31
491,568.92
10,622,011.31
4,909,116.00
4,771,852.17
94,815,120.29
18,056,597.45
17,323,767.91
(732,829.54)
$                   
-4%
378,175,741.85
348,886,215.27
29,289,526.58
-8%
Corporate Income 
429,490.54
$
355,355.67
$
7,643,786.47
$
-
$
-
$
125,188.00
$
7,606.72
$
74,353.24
$
2,126,225.12
$
437,097.26
$
429,708.91
$
(7,388.35)
$
-2%
12,238,648.30
$
9,895,199.59
$
(2,343,448.71)
$
-19%
Corporate Estimated
237,015.00
$
713,226.00
$
14,169,939.99
$
-
$
-
$
92,918.00
$
33,547.00
$
138,356.00
$
11,283,017.00
$
270,562.00
$
851,582.00
$
581,020.00
$
215%
23,271,377.22
$
25,545,874.99
$
2,274,497.77
$
10%
Corporate Extension
-
$
164,000.00
$
8,731,019.12
$
-
$
-
$
4,000.00
$
-
$
-
$
6,305,036.95
$
-
$
164,000.00
$
164,000.00
$
0%
34,855,835.26
$
15,040,056.07
$
(19,815,779.19)
$
-57%
Corporate Income Tax Sub-Total
666,505.54
1,232,581.67
30,544,745.58
0.00
0.00
222,106.00
41,153.72
212,709.24
19,714,279.07
707,659.26
1,445,290.91
737,631.65
$                    
104%
70,365,860.78
50,481,130.65
19,884,730.13
-28%
Total Income Taxes
13,376,692.68
13,292,928.49
273,993,829.25
437,294.31
491,568.92
10,844,117.31
4,950,269.72
4,984,561.41
114,529,399.36
18,764,256.71
18,769,058.82
4,802.11
$                        
0%
448,541,602.63
399,367,345.92
49,174,256.71
-11%
Gross Receipts Tax*
`
11,535,872.98
$
14,705,776.22
$
134,465,344.41
$
826,592.88
$
935,998.15
$
8,826,775.69
$
4,221,701.97
$
3,864,007.08
$
37,784,135.97
$
16,584,167.83
$
19,505,781.45
$
2,921,613.62
$
18%
178,212,534.59
$
181,076,256.07
$
2,863,721.48
$
2%
Excise Tax
2,346,014.25
$
2,864,098.73
$
26,854,647.60
$
98.00
$
48.00
$
540.00
$
353,285.70
$
231,569.77
$
3,513,390.96
$
2,699,397.95
$
3,095,716.50
$
396,318.55
$
15%
30,849,298.73
$
30,368,578.56
$
(480,720.17)
$
-2%
Entertainment Tax
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
0%
-
$
-
$
-
$
0%
Franchise Fee
-
$
167,730.34
$
664,438.41
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
167,730.34
$
167,730.34
$
0%
497,333.44
$
664,438.41
$
167,104.97
$
34%
Miscellaneous, Photo Copy, Etc.
1,237.00
$
3,115.00
$
23,989.00
$
-
$
-
$
-
$
1,938.50
$
919.00
$
11,302.00
$
3,175.50
$
4,034.00
$
858.50
$
27%
35,109.20
$
35,291.00
$
181.80
$
1%
Environmental Infrastructure Impact Fee 85%
153,531.68
$
625,025.40
$
3,893,736.95
$
-
$
-
$
-
$
1,933.75
$
1,487.50
$
11,602.50
$
155,465.43
$
626,512.90
$
471,047.48
$
303%
3,515,005.46
$
3,905,339.45
$
390,333.99
$
11%
Total Other General Fund Taxes 
14,036,655.91
18,365,745.69
165,902,156.37
826,690.88
936,046.15
8,827,315.69
4,578,859.92
4,097,983.35
41,320,431.43
19,442,206.71
23,399,775.19
3,957,568.49
$                  
20%
213,109,281.42
216,049,903.49
2,940,622.07
1%
27,413,348.59
31,658,674.18
439,895,985.62
1,263,985.19
1,427,615.07
19,671,433.00
9,529,129.64
9,082,544.76
155,849,830.79
38,206,463.42
42,168,834.01
3,962,370.60
$                  
10%
661,650,884.05
615,417,249.41
46,233,634.64
-7%
Special Funds
Fuel Tax (Transportation Fund/WAPA Instructure)***
168,495.18
$
419,376.72
$
3,473,626.25
$
-
$
-
$
-
$
212,900.10
$
26,614.00
$
496,735.52
$
381,395.28
$
445,990.72
$
64,595.44
$
17%
3,394,941.86
$
3,970,361.77
$
575,419.91
$
17%
Highway Users' Tax (Transportation Fund)
150,966.24
$
184,146.08
$
1,820,920.44
$
9,295.04
$
9,756.00
$
97,968.48
$
125,713.12
$
128,217.44
$
1,429,876.04
$
285,974.40
$
322,119.52
$
36,145.12
$
13%
3,400,315.62
$
3,348,764.96
$
(51,550.66)
$
-2%
Hotel Room Tax
1,427,990.69
$
2,465,518.94
$
23,681,530.18
$
151,519.89
$
171,304.88
$
1,755,817.08
$
274,971.89
$
174,397.61
$
3,461,326.76
$
1,854,482.47
$
2,811,221.43
$
956,738.96
$
52%
13,610,964.80
$
28,898,674.02
$
15,287,709.22
$
112%
Non-Hotel Room Tax
628,785.09
$
1,312,339.61
$
10,220,117.47
$
319,350.63
$
463,626.36
$
3,912,059.81
$
69,868.60
$
56,622.93
$
897,987.05
$
1,018,004.32
$
1,832,588.90
$
814,584.58
$
80%
21,891,131.94
$
15,030,164.34
$
(6,860,967.60)
$
-31%
Environmental Infrastructure Impact Fee 15%
27,093.82
$
110,298.60
$
687,130.05
$
-
$
-
$
-
$
341.25
$
262.50
$
2,047.50
$
27,435.07
$
110,561.10
$
83,126.03
$
303%
620,295.08
$
689,177.55
$
68,882.47
$
11%
Gross Casino (Casino Revenue Fund)
-
$
-
$
89,131.74
$
-
$
-
$
-
$
149,997.82
$
156,323.30
$
1,720,572.24
$
149,997.82
$
156,323.30
$
6,325.48
$
4%
1,800,420.91
$
1,809,703.98
$
9,283.07
$
1%
Racino
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
0%
-
$
-
$
-
$
0%
Lonesome Dove Fund
350,000.00
$
-
$
875,000.00
$
-
$
-
$
-
$
-
$
-
$
-
$
350,000.00
$
-
$
(350,000.00)
$
-100%
2,505,000.00
$
875,000.00
$
(1,630,000.00)
$
-65%
Arbitration Deposit
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
0%
-
$
-
$
-
$
0%
Production Tax
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
0%
-
$
-
$
-
$
0%
Vehicle Rental Surcharge (VI Education Initiative Fund)
113,657.75
$
210,507.00
$
929,466.48
$
40,752.50
$
57,450.75
$
248,625.63
$
46,905.00
$
92,408.75
$
516,212.32
$
201,315.25
$
360,366.50
$
159,051.25
$
79%
1,414,099.13
$
2,337,182.43
$
923,083.30
$
65%
Investment Alternative Tax
-
$
-
$
365,371.50
$
-
$
-
$
96,353.64
$
30,853.67
$
32,180.03
$
277,599.81
$
30,853.67
$
32,180.03
$
1,326.36
$
4%
702,494.13
$
96,446.95
$
(606,047.18)
$
-86%
Total Special Funds Revenue
2,866,988.77
4,702,186.95
42,142,294.11
520,918.06
702,137.99
6,110,824.64
911,551.45
667,026.56
8,802,357.24
4,299,458.28
6,071,351.50
1,771,893.22
$                  
41%
49,339,663.47
57,055,476.00
7,715,812.53
16%
TOTAL MONTHLY REVENUE COLLECTIONS
30,280,337.36
$             
36,360,861.13
$           
482,038,279.73
$           
1,784,903.25
$  
2,129,753.06
$            
25,782,257.64
$         
10,440,681.09
$          
9,749,571.32
$              
164,652,188.03
$           
42,505,921.70
$             
48,240,185.51
$            
5,734,263.82
$                  
13%
710,990,547.52
$           
672,472,725.41
$            
(38,517,822.11)
$               
-5%
Total of All Islands
Class of Tax 
Total General Fund Revenue
St. Thomas
St. John
St. Croix