(The Center Square) – Wisconsin saw a 15.7% overall general revenue tax collection increase in November compared to the year before, according to new numbers released by the Department of Revenue.
Overall, the state collected more than $1.8 billion compared to just below $1.6 billion collected a year before, based on numbers adjusted to factor in whether the month began or ended on a weekday.
Overall, the adjusted numbers show the state has collected more than $7.6 billion in general purpose fund taxes this fiscal year, up 6.1% from the nearly $7.2 billion collected at the same time the year before.
Sales tax collections of $663.7 million in November were 8% up from the year before while sales tax collections of nearly $2.7 billion are up 2.5% for the fiscal year.
Individual income tax collections are the largest category of collections with nearly $4.8 billion in collections for the fiscal year, up 9.7% from a year before.
Corporate tax collections of more than $735 million for the fiscal year is up 7.6%.
“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,” the Department of Revenue said.
