Sublette County generates 32.3% more sales tax in 2005
Use tax up by 42%+, Lodging Tax up by 11%
December 12, 2005
(Cheyenne) The State of Wyoming recently released a report detailing the total collections for sales and use taxes for fiscal year 2005 in Wyoming. Revenue hit an all-time high according to the document, "Wyoming Sales, Use and Lodging Tax Revenue Report". The report, put out by the Economic Analysis Division of the State Department of Administration and Information in Cheyenne, contains sales and use tax collection information for industry, retail, accommodation and food-services businesses. Also included in this publication, are yearly lodging tax collections by local entity.
Sales Tax Revenue
Total sales tax collections for fiscal year 2005 in Wyoming was $604 million. This was an increase of 9.5 percent from 2004. In Sublette County, sales tax collections increased by more than 32%, from $26 million in 2004 to more than $34.6 million in 2005. The strong growth was attributed to the boost from increased mining-related activity, which grew by 31.1% largely due to increased prices for natural gas and tax revenue.
Sublette and Johnson counties revealed the most increases of 32.3 and 22.5 percent, respectively, from the fiscal year 2004 level. Other industrial sectors, such as construction and wholesale trade, also benefitted from the increased mining activities and further contributed to the growth in sales tax collections.
Use Tax Revenue
Use tax collections totaled $64.3 million during fiscal year 2005, an increase of 10.2 percent from the year earlier level. Sublette, Johnson and Sheridan all saw significant growth in use tax collections of at least 42 percent. The increases in mining and construction activities contributed to the growth for all these counties.
Lodging Tax Revenue
Total lodging tax collections for fiscal year 2005 was $4.96 million. This was up 4.7 percent from the $4.74 million collected in the previous year. Sublette County’s lodging tax collections increased by more than 11%, $24,738, from $141,918 in FY 2004 to $166,656 in FY 2005.
FY 2005 Sales Tax Collection Report