BUREAU OF INTERNAL REVENUE
FISCAL YEAR 2024
AUGUST 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
%
Aug-23
Aug-24
Aug-24
Aug-23
Aug-24
Aug-24
Aug-23
Aug-24
Aug-24
Aug-23
Aug-24
Difference
INC/DEC
Aug-23
Aug-24
Difference
INC/DEC
Individual Income
1,497,242.17
$
1,916,405.42
$
51,861,389.97
$
53,702.49
$
92,369.94
$
4,519,859.96
$
629,116.76
$
856,064.77
$
21,223,905.46
$
2,180,061.42
$
2,864,840.13
$
684,778.71
$
31%
105,348,225.69
$
77,605,155.39
$
(27,743,070.30)
$
-26%
Estimated Tax
908,301.00
$
614,765.00
$
30,320,924.44
$
31,691.00
$
72,310.00
$
2,264,041.00
$
289,497.00
$
371,553.96
$
13,516,625.28
$
1,229,489.00
$
1,058,628.96
$
(170,860.04)
$
-14%
42,202,712.75
$
46,101,590.72
$
3,898,877.97
$
9%
Withholding Tax
8,536,997.03
$
7,856,165.69
$
129,302,106.30
$
324,898.77
$
331,244.92
$
3,702,806.21
$
3,686,950.93
$
5,667,253.36
$
50,454,375.64
$
12,548,846.73
$
13,854,663.97
$
1,305,817.24
$
10%
185,075,904.06
$
183,459,288.15
$
(1,616,615.91)
$
-1%
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
10,942,540.20
10,387,336.11
253,836,419.78
410,292.26
495,924.86
11,117,936.17
4,605,564.69
6,894,872.09
101,709,992.38
15,958,397.15
17,778,133.06
1,819,735.91
$                   
11%
394,134,139.00
366,664,348.33
27,469,790.67
-7%
Corporate Income 
538,638.68
$
3,217,662.81
$
10,861,449.28
$
-
$
5,917.00
$
131,105.00
$
1,253,949.00
$
163,119.54
$
2,289,344.66
$
1,792,587.68
$
3,386,699.35
$
1,594,111.67
$
89%
14,031,235.98
$
13,281,898.94
$
(749,337.04)
$
-5%
Corporate Estimated
146,375.00
$
150,755.21
$
14,320,695.20
$
-
$
1,544.00
$
94,462.00
$
88,000.00
$
108,331.00
$
11,391,348.00
$
234,375.00
$
260,630.21
$
26,255.21
$
11%
23,505,752.22
$
25,806,505.20
$
2,300,752.98
$
10%
Corporate Extension
40,876.00
$
100,000.00
$
8,831,019.12
$
-
$
-
$
4,000.00
$
-
$
-
$
6,305,036.95
$
40,876.00
$
100,000.00
$
59,124.00
$
145%
34,896,711.26
$
15,140,056.07
$
(19,756,655.19)
$
-57%
Corporate Income Tax Sub-Total
725,889.68
3,468,418.02
34,013,163.60
0.00
7,461.00
229,567.00
1,341,949.00
271,450.54
19,985,729.61
2,067,838.68
3,747,329.56
1,679,490.88
$                   
81%
72,433,699.46
54,228,460.21
18,205,239.25
-25%
Total Income Taxes
11,668,429.88
13,855,754.13
287,849,583.38
410,292.26
503,385.86
11,347,503.17
5,947,513.69
7,166,322.63
121,695,721.99
18,026,235.83
21,525,462.62
3,499,226.79
$                    
19%
466,567,838.46
420,892,808.54
45,675,029.92
-10%
Gross Receipts Tax*
`
12,655,797.27
$
11,371,987.03
$
145,837,331.44
$
885,936.23
$
710,183.39
$
9,536,959.08
$
3,763,365.71
$
4,578,400.47
$
42,362,536.44
$
17,305,099.21
$
16,660,570.89
$
(644,528.32)
$
-4%
195,517,633.80
$
197,736,826.96
$
2,219,193.16
$
1%
Excise Tax
2,958,056.24
$
2,315,699.80
$
29,170,347.40
$
53.00
$
45.00
$
585.00
$
283,936.54
$
374,463.22
$
3,887,854.18
$
3,242,045.78
$
2,690,208.02
$
(551,837.76)
$
-17%
34,091,344.51
$
33,058,786.58
$
(1,032,557.93)
$
-3%
Entertainment Tax
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
0%
-
$
-
$
-
$
0%
Franchise Fee
171,333.17
$
-
$
664,438.41
$
-
$
-
$
-
$
-
$
-
$
-
$
171,333.17
$
-
$
(171,333.17)
$
-100%
668,666.61
$
664,438.41
$
(4,228.20)
$
-1%
Miscellaneous, Photo Copy, Etc.
2,550.00
$
1,456.00
$
25,445.00
$
-
$
-
$
-
$
1,290.50
$
558.00
$
11,860.00
$
3,840.50
$
2,014.00
$
(1,826.50)
$
-48%
38,949.70
$
37,305.00
$
(1,644.70)
$
-4%
Environmental Infrastructure Impact Fee 85%
627,746.25
$
262,267.50
$
4,156,004.45
$
-
$
-
$
-
$
446.25
$
-
$
11,602.50
$
628,192.50
$
262,267.50
$
(365,925.00)
$
-58%
4,143,197.96
$
4,167,606.95
$
24,408.99
$
1%
Total Other General Fund Taxes 
16,415,482.93
13,951,410.33
179,853,566.70
885,989.23
710,228.39
9,537,544.08
4,049,039.00
4,953,421.69
46,273,853.12
21,350,511.16
19,615,060.41
(1,735,450.75)
$                   
-8%
234,459,792.58
235,664,963.90
1,205,171.32
1%
28,083,912.81
27,807,164.46
467,703,150.08
1,296,281.49
1,213,614.25
20,885,047.25
9,996,552.69
12,119,744.32
167,969,575.11
39,376,746.99
41,140,523.03
1,763,776.04
$                    
4%
701,027,631.04
656,557,772.44
44,469,858.60
-6%
Special Funds
Fuel Tax (Transportation Fund/WAPA Instructure)***
168,403.92
$
490,755.44
$
3,964,381.69
$
-
$
-
$
-
$
168,981.26
$
47,757.50
$
544,493.02
$
337,385.18
$
538,512.94
$
201,127.76
$
60%
3,732,327.04
$
4,508,874.71
$
776,547.67
$
21%
Highway Users' Tax (Transportation Fund)
178,224.32
$
166,677.92
$
1,987,598.36
$
3,785.60
$
3,443.84
$
101,412.32
$
132,440.80
$
184,279.56
$
1,614,155.60
$
314,450.72
$
354,401.32
$
39,950.60
$
13%
3,714,766.34
$
3,703,166.28
$
(11,600.06)
$
0%
Hotel Room Tax
1,252,695.42
$
2,095,432.61
$
25,776,962.79
$
145,418.73
$
96,411.53
$
1,852,228.61
$
390,327.68
$
380,273.21
$
3,841,599.97
$
1,788,441.83
$
2,572,117.35
$
783,675.52
$
44%
15,399,406.63
$
31,470,791.37
$
16,071,384.74
$
104%
Non-Hotel Room Tax
1,616,555.37
$
1,176,991.96
$
11,397,109.43
$
76,444.74
$
574,462.02
$
4,486,521.83
$
88,042.36
$
71,467.09
$
969,454.14
$
1,781,042.47
$
1,822,921.07
$
41,878.60
$
2%
23,672,174.41
$
16,853,085.41
$
(6,819,089.00)
$
-29%
Environmental Infrastructure Impact Fee 15%
110,778.75
$
46,282.50
$
733,412.55
$
-
$
-
$
-
$
78.75
$
-
$
2,047.50
$
110,857.50
$
46,282.50
$
(64,575.00)
$
-58%
731,152.58
$
735,460.05
$
4,307.47
$
1%
Gross Casino (Casino Revenue Fund)
-
$
-
$
89,131.74
$
-
$
-
$
-
$
163,908.84
$
209,543.79
$
1,930,116.03
$
163,908.84
$
209,543.79
$
45,634.95
$
28%
1,964,329.75
$
2,019,247.77
$
54,918.02
$
3%
Racino
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
0%
-
$
-
$
-
$
0%
Lonesome Dove Fund
-
$
-
$
875,000.00
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
0%
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)
123,156.45
$
126,503.29
$
1,055,969.77
$
54,400.00
$
26,883.75
$
275,509.38
$
59,624.00
$
72,715.25
$
588,927.57
$
237,180.45
$
226,102.29
$
(11,078.16)
$
-5%
1,651,279.58
$
2,563,284.72
$
912,005.14
$
55%
Investment Alternative Tax
-
$
-
$
365,371.50
$
-
$
-
$
96,353.64
$
-
$
-
$
277,599.81
$
-
$
-
$
-
$
0%
702,494.13
$
96,446.95
$
(606,047.18)
$
-86%
Total Special Funds Revenue
3,449,814.23
4,102,643.72
46,244,937.83
280,049.07
701,201.14
6,812,025.78
1,003,403.69
966,036.40
9,768,393.64
4,733,266.99
5,769,881.26
1,036,614.27
$                    
22%
54,072,930.46
62,825,357.26
8,752,426.80
16%
TOTAL MONTHLY REVENUE COLLECTIONS
31,533,727.04
$               
31,909,808.18
$             
513,948,087.91
$             
1,576,330.56
$      
1,914,815.39
$              
27,697,073.03
$           
10,999,956.38
$            
13,085,780.72
$              
177,737,968.75
$             
44,110,013.98
$               
46,910,404.29
$              
2,800,390.31
$                    
6%
755,100,561.50
$             
719,383,129.70
$              
(35,717,431.80)
$                 
-5%
Total of All Islands
Class of Tax 
Total General Fund Revenue
St. Thomas
St. John
St. Croix