Wisconsin Department of Revenue
Press Release

Department of Revenue Collections, October FY2021 General Purpose Revenue ($ in thousands – rounded)

 

By - Nov 18th, 2020 03:09 pm
Collections for Month Collections to Date
Revenue Source FY20 FY21 % change FY20 FY21 % change
Individual Income          754,785          584,923 -22.5%      2,605,054      2,370,872 -9.0%
Adjusted          754,785          852,449 12.9%      2,605,054      2,638,399 1.3%
General Sales & Use          520,751          521,529 0.1%      1,535,889      1,545,977 0.7%
Corporate            44,810            56,081 25.2%          405,453          606,759 49.6%
Excise Taxes            55,041            58,221 5.8%          189,315          187,390 -1.0%
Other            29,664            39,368 32.7%            44,748            63,044 40.9%
Total GPR      1,405,051      1,260,122 -10.3%      4,780,459      4,774,042 -0.1%
 Adjusted GPR      1,405,051      1,527,649 8.7%      4,780,459      5,041,569 5.5%

 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. In Fiscal Year (FY) 2021, the adjusted lines include withholding that was received on the first working days of November, rather than the last day of October, which was a weekend day.  The Collections to Date in FY21 was also affected.
  2. Individual Income includes 60.7% of pass-thru withholding. Corporate Income includes the remaining 39.3%.
  3. The Other category includes estate, utility, and real estate transfer tax collections.
  4. Total does not include insurance premium taxes.
  5. 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.
  6. All data are preliminary and unaudited.

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