Wisconsin Department of Revenue
Press Release

Department of Revenue Collections, First Quarter FY2023

 

By - Oct 27th, 2022 02:51 pm

General Purpose Revenue (GPR) Collections
Amounts in Thousands ($), rounded

First Quarter Revenues
Revenue Source FY22 FY23 % change
Individual Income      2,038,406      1,914,307 -6.1%
General Sales & Use      1,142,393      1,271,875 11.3%
Corporate          544,295          642,784 18.1%
Excise Taxes          123,954          115,044 -7.2%
Other            27,080            21,919 -19.1%
Total GPR      3,876,127      3,965,930 2.3%

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. Individual Income includes 61.2% of pass-thru withholding. Corporate Income includes the remaining 38.8%.
  2. The Other category includes estate, utility, and real estate transfer tax collections.
  3. Total does not include insurance premium taxes.
  4. 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. All data are preliminary and unaudited.

NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.

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