The Nelson A. Rockefeller Institute of Government has issued a 16-page report, State Revenue Growth Continues in Most States, detailing a 13.3% surge in state tax revenues in the second quarter of 2005 compared with 2004. The chart below lists the states with the five largest and the five smallest percentage increases:
Change in Second Quarter State Tax Revenues
State
Change from 2004
Alaska
42.9%
Vermont
31.0%
New Jersey
28.3%
North Carolina
27.7%
West Virginia
25.3%
U.S. Average
13.3%
Georgia
2.0%
Washington
1.6%
South Dakota
0.3%
Maine
0.2%
New Mexico
(5.5%)
The increases in other large states were:
- California: 17.3%
- Florida: 9.1%
- Illinois: 10.2%
- New York: 17.0%
- Ohio: 9.0%
- Pennsylvania: 6.7%
State corporate income tax revenues had the biggest increase, rising 22.8% in the quarter (personal income tax revenues rose 18.4% and sales tax revenues increased 7.9%).
4 responses to “State Tax Revenues Continue to Surge”
State Tax Tax Coffers Are Filling Throughout the Land (Time for CAT Tax Repeal in Ohio)
The TaxProf Blog notes that state tax revenues for the 2nd quarter of 2005 vs. 2004 are up 13.3% nationally (original link at site is to a PDF at the Nelson Rockefeller Institute).
Must be the lousy economy (/sarcasm).
Some states are reaping a bona…
State Tax Revenues Continue to Surge
Doing more with less is a lesson government refuses to learn.
The TaxProf Blog reports: The Nelson A. Rockefeller Institute of Government has issued a 16-page report, State Revenue Growth Continues in Most States, detailing a 13.3% [U.S. avera…
State Tax Revenues Continue to Surge
Doing more with less is a lesson government refuses to learn.
The TaxProf Blog reports: The Nelson A. Rockefeller Institute of Government has issued a 16-page report, State Revenue Growth Continues in Most States, detailing a 13.3% [U.S. avera…
State Tax Revenues Continue to Surge
Doing more with less is a lesson government refuses to learn.
The TaxProf Blog reports: The Nelson A. Rockefeller Institute of Government has issued a 16-page report, State Revenue Growth Continues in Most States, detailing a 13.3% [U.S. avera…