Collections for Month Collections to Date
Revenue Source FY21 FY22 % change FY21 FY22 % change
       
Individual Income        819,020        799,330 -2.4%      6,956,548      7,111,842 2.2%
Adjusted        819,020     1,103,924 34.8%      6,956,548      7,416,436 6.6%
         
General Sales & Use        589,634        586,850 -0.5%      4,583,919      5,068,706 10.6%
         
Corporate        394,232        465,464 18.1%      2,065,188      2,341,148 13.4%
         
Excise Taxes          56,975          55,514 -2.6%         506,821         492,117 -2.9%
         
Other          12,958          12,136 -6.3%         270,576         282,290 4.3%
         
Total GPR     1,872,819     1,919,295 2.5%    14,383,051    15,296,103 6.3%
Adjusted     1,872,819     2,223,889 18.7%    14,383,051    15,600,697 8.5%

 

This report includes general purpose revenue (GPR) taxes collected by the Wisconsin Department of Revenue and does not include taxes collected by the Office of the Commissioner of Insurance, administrative fees, and other miscellaneous revenues. Total General Fund tax collections are reported in the Department of Administration’s Report of Monthly General Fund Financial Information, which includes GPR and program revenue taxes collected by all state agencies.

 

Notes:

  1. Enacted changes to individual income taxes (rate cuts and updated withholding tables) will be realized in January 2022.  Individual income tax revenues will decline due to the combination of large refunds (from the tax year 2021 rate cuts) and lower withholding on paychecks beginning in January.  As a result, growth rates will remain positive until January 2022, at which point they will slow and then turn negative.
  2. In fiscal year FY22, the adjusted lines for the Collections for the Month include withholding that was received on the first working days of May, rather than the last day of April, which was a weekend.  Collections to Date were also impacted.
  3. Individual Income includes 60.1% of pass-thru withholding. Corporate Income includes the remaining 39.9%.
  4. The Other category includes estate, utility, and real estate transfer tax collections.
  5. Total does not include insurance premium taxes.
  6. This report is generated from the STAR Accounting System. Timing differences may cause the amounts in this report to differ from reports produced by the Department of Administration.
  7. All data are preliminary and unaudited.
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