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