Department of Revenue Collections, First Quarter FY2024
General Purpose Revenue (GPR) Collections Amounts in Thousands ($), rounded
| First Quarter Revenues | |||
| Revenue Source | FY23 | FY24 | % change |
| Individual Income | 1,912,308 | 1,665,534 | -12.9% |
| Adjusted | 1,912,308 | 1,950,461 | 2.0% |
| General Sales & Use | 1,271,875 | 1,292,914 | 1.7% |
| Corporate | 644,784 | 600,869 | -6.8% |
| Excise Taxes | 115,044 | 109,070 | -5.2% |
| Other | 21,919 | 21,488 | -2.0% |
| Total GPR | 3,965,930 | 3,689,876 | -7.0% |
| Adjusted | 3,965,930 | 3,974,802 | 0.2% |
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:
- In fiscal year FY24, the adjusted lines include withholding that was received on the first working days of October, rather than the last day of September, which was a weekend. Collections to date for FY24 were also impacted.
- Individual Income includes 56.9% of pass-thru withholding. Corporate Income includes the remaining 43.1%.
- The Other category includes estate, utility, and real estate transfer tax collections.
- Total does not include insurance premium taxes.
- 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. It has not been verified for its accuracy or completeness.
Mentioned in This Press Release
Recent Press Releases by Wisconsin Department of Revenue
Department of Revenue Collections, February FY2024
Mar 20th, 2024 by Wisconsin Department of RevenueGeneral Purpose Revenue ($ in thousands - rounded)
Individual Income Tax Season Begins January 29
Jan 26th, 2024 by Wisconsin Department of RevenueWisconsin DOR launches free WisTax e-filing system, joins IRS Free File program
