BUREAU OF INTERNAL REVENUE
FISCAL YEAR 2023
MARCH 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
%
Mar-23
Mar-24
Mar-24
Mar-23
Mar-24
Mar-24
Mar-23
Mar-24
Mar-24
Mar-23
Mar-24
Difference
INC/DEC
Mar-23
Mar-24
Difference
INC/DEC
Individual Income
3,067,693.15
$
2,788,386.43
$
27,772,030.25
$
389,061.01
$
640,820.51
$
2,367,098.63
$
1,472,611.98
$
1,166,215.11
$
8,855,916.94
$
4,929,366.14
$
4,595,422.05
$
(333,944.09)
$
-7%
38,135,071.33
$
38,995,045.82
$
859,974.49
$
2%
Estimated Tax
329,806.40
$
358,316.00
$
20,656,065.63
$
78,764.00
$
66,792.00
$
1,267,413.00
$
551,714.00
$
108,806.00
$
7,337,706.84
$
960,284.40
$
533,914.00
$
(426,370.40)
$
-44%
24,147,244.46
$
29,261,185.47
$
5,113,941.01
$
21%
Withholding Tax
13,362,260.19
$
13,511,691.25
$
83,097,259.46
$
258,389.11
$
381,004.74
$
2,085,030.37
$
6,749,719.97
$
2,177,846.85
$
24,173,949.87
$
20,370,369.27
$
16,070,542.84
$
(4,299,826.43)
$
-21%
107,421,526.50
$
109,356,239.70
$
1,934,713.20
$
2%
Individual Extension
357,720.85
$
1,096,328.00
$
1,281,853.00
$
-
$
-
$
-
$
9,100.00
$
67,950.00
$
67,950.00
$
366,820.85
$
1,164,278.00
$
797,457.15
$
217%
417,921.85
$
1,349,803.00
$
931,881.15
$
223%
Military (Riemb)
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
0%
-
$
-
$
-
$
0%
Individual Income Tax Sub-Total
17,117,480.59
17,754,721.68
132,807,208.34
726,214.12
1,088,617.25
5,719,542.00
8,783,145.95
3,520,817.96
40,435,523.65
26,626,840.66
22,364,156.89
(4,262,683.77)
$                
-16%
170,121,764.14
178,962,273.99
8,840,509.85
5%
Corporate Income 
2,534,409.54
$
764,083.60
$
5,065,724.31
$
1,378.00
$
4,737.00
$
35,188.00
$
488,095.00
$
692,178.43
$
1,574,651.61
$
3,023,882.54
$
1,460,999.03
$
(1,562,883.51)
$
-52%
8,191,021.36
$
6,675,563.92
$
(1,515,457.44)
$
-19%
Corporate Estimated
263,602.00
$
441,630.00
$
5,572,677.18
$
-
$
15,090.00
$
67,460.00
$
113,157.00
$
118,200.00
$
5,870,940.00
$
376,759.00
$
574,920.00
$
198,161.00
$
53%
16,049,065.93
$
11,511,077.18
$
(4,537,988.75)
$
-28%
Corporate Extension
22,959,051.17
$
261,624.00
$
1,291,092.22
$
-
$
4,000.00
$
4,000.00
$
114,374.00
$
92,426.95
$
131,277.95
$
23,073,425.17
$
358,050.95
$
(22,715,374.22)
$
-98%
23,960,577.17
$
1,426,370.17
$
(22,534,207.00)
$
-94%
Corporate Income Tax Sub-Total
25,757,062.71
1,467,337.60
11,929,493.71
1,378.00
23,827.00
106,648.00
715,626.00
902,805.38
7,576,869.56
26,474,066.71
2,393,969.98
(24,080,096.73)
$              
-91%
48,200,664.46
19,613,011.27
28,587,653.19
-59%
Total Income Taxes
42,874,543.30
19,222,059.28
144,736,702.05
727,592.12
1,112,444.25
5,826,190.00
9,498,771.95
4,423,623.34
48,012,393.21
53,100,907.37
24,758,126.87
(28,342,780.50)
$               
-53%
218,322,428.60
198,575,285.26
19,747,143.34
-9%
Gross Receipts Tax*
`
13,476,055.81
$
14,882,168.30
$
77,313,749.64
$
1,127,865.75
$
1,326,172.67
$
5,209,866.95
$
5,253,316.08
$
2,202,559.93
$
21,342,551.47
$
19,857,237.64
$
18,410,900.90
$
(1,446,336.74)
$
-7%
103,534,317.81
$
103,866,168.06
$
331,850.25
$
0%
Excise Tax
2,889,354.09
$
2,592,769.71
$
15,877,473.65
$
9.00
$
112.00
$
357.00
$
346,959.14
$
252,915.33
$
2,062,632.54
$
3,236,322.23
$
2,845,797.04
$
(390,525.19)
$
-12%
19,495,915.27
$
17,940,463.19
$
(1,555,452.08)
$
-8%
Entertainment Tax
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
0%
-
$
-
$
-
$
0%
Franchise Fee
-
$
-
$
335,086.00
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
0%
329,071.15
$
335,086.00
$
6,014.85
$
2%
Miscellaneous, Photo Copy, Etc.
2,868.00
$
3,307.00
$
12,619.00
$
-
$
-
$
-
$
1,067.00
$
363.00
$
4,760.00
$
3,935.00
$
3,670.00
$
(265.00)
$
-7%
21,316.00
$
17,379.00
$
(3,937.00)
$
-18%
Environmental Infrastructure Impact Fee 85%
667,781.25
$
251,079.80
$
1,835,785.80
$
-
$
-
$
-
$
4,845.00
$
-
$
2,422.50
$
672,626.25
$
251,079.80
$
(421,546.45)
$
-63%
2,171,282.53
$
1,838,208.30
$
(333,074.23)
$
-15%
Total Other General Fund Taxes 
17,036,059.15
17,729,324.81
95,374,714.09
1,127,874.75
1,326,284.67
5,210,223.95
5,606,187.22
2,455,838.26
23,412,366.51
23,770,121.12
21,511,447.74
(2,258,673.38)
$                 
-10%
125,551,902.76
123,997,304.55
1,554,598.21
-1%
59,910,602.45
36,951,384.09
240,111,416.14
1,855,466.87
2,438,728.92
11,036,413.95
15,104,959.17
6,879,461.60
71,424,759.72
76,871,028.49
46,269,574.61
(30,601,453.88)
$               
-40%
343,874,331.36
322,572,589.81
21,301,741.55
-6%
Special Funds
Fuel Tax (Transportation Fund/WAPA Instructure)***
210,471.56
$
250,914.88
$
1,859,800.23
$
-
$
-
$
-
$
199,054.35
$
15,260.00
$
430,865.52
$
409,525.91
$
266,174.88
$
(143,351.03)
$
-35%
1,914,708.76
$
2,290,665.75
$
375,956.99
$
20%
Highway Users' Tax (Transportation Fund)
214,058.72
$
139,061.60
$
1,155,449.88
$
5,171.68
$
5,879.36
$
49,559.36
$
119,284.48
$
122,999.68
$
832,374.56
$
338,514.88
$
267,940.64
$
(70,574.24)
$
-21%
2,121,759.54
$
2,037,383.80
$
(84,375.74)
$
-4%
Hotel Room Tax
186,684.04
$
3,287,685.11
$
12,062,840.98
$
20,489.99
$
219,699.22
$
905,105.96
$
519,130.03
$
443,954.82
$
1,909,168.42
$
726,304.06
$
3,951,339.15
$
3,225,035.09
$
444%
5,615,127.90
$
14,877,115.36
$
9,261,987.46
$
165%
Non-Hotel Room Tax
1,731,859.51
$
1,101,540.45
$
4,971,864.10
$
309,583.96
$
850,518.67
$
2,174,270.21
$
84,629.29
$
24,202.27
$
591,338.90
$
2,126,072.76
$
1,976,261.39
$
(149,811.37)
$
-7%
15,090,714.56
$
7,737,473.22
$
(7,353,241.34)
$
-49%
Environmental Infrastructure Impact Fee 15%
117,843.75
$
44,308.20
$
323,962.20
$
-
$
-
$
-
$
855.00
$
-
$
427.50
$
118,698.75
$
44,308.20
$
(74,390.55)
$
-63%
383,167.51
$
324,389.70
$
(58,777.81)
$
-15%
Gross Casino (Casino Revenue Fund)
-
$
89,131.74
$
89,131.74
$
-
$
-
$
-
$
251,372.77
$
150,605.44
$
1,005,054.56
$
251,372.77
$
239,737.18
$
(11,635.59)
$
-5%
1,086,938.46
$
1,094,186.30
$
7,247.84
$
1%
Racino
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
0%
-
$
-
$
-
$
0%
Lonesome Dove Fund
-
$
600,000.00
$
700,000.00
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
600,000.00
$
600,000.00
$
0%
1,675,000.00
$
700,000.00
$
(975,000.00)
$
-58%
Arbitration Deposit
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
0%
-
$
-
$
-
$
0%
Production Tax
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
0%
-
$
-
$
-
$
0%
Vehicle Rental Surcharge (VI Education Initiative Fund)
133,811.51
$
183,770.59
$
183,770.59
$
45,697.22
$
30,517.81
$
30,517.81
$
76,432.50
$
72,090.25
$
158,352.25
$
255,941.23
$
286,378.65
$
30,437.42
$
12%
502,673.94
$
372,640.65
$
(130,033.29)
$
-26%
Investment Alternative Tax
-
$
-
$
393,214.14
$
-
$
-
$
138,473.64
$
-
$
-
$
181,152.86
$
-
$
-
$
-
$
0%
643,351.96
$
712,840.64
$
69,488.68
$
11%
Total Special Funds Revenue
2,594,729.09
5,696,412.57
21,740,033.86
380,942.85
1,106,615.06
3,297,926.98
1,250,758.42
829,112.46
5,108,734.57
4,226,430.36
7,632,140.09
3,405,709.73
$                  
81%
29,033,442.63
30,146,695.42
1,113,252.79
4%
TOTAL MONTHLY REVENUE COLLECTIONS
62,505,331.54
$             
42,647,796.66
$           
261,851,450.00
$           
2,236,409.72
$  
3,545,343.98
$            
14,334,340.93
$         
16,355,717.59
$          
7,708,574.06
$              
76,533,494.29
$             
81,097,458.85
$             
53,901,714.70
$            
(27,195,744.15)
$               
-34%
372,907,773.99
$           
352,719,285.23
$            
(20,188,488.76)
$               
-5%
Total of All Islands
Class of Tax 
Total General Fund Revenue
St. Thomas
St. John
St. Croix