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State Tax Revenues Rise for Sixth Consecutive Quarter

The Nelson A. Rockefeller Institute of Government reported yesterday that state tax revenues increased for the sixth consecutive quarter, up 10.8% for the second quarter of 2011:

  • Corporate income tax:  +19.1%
  • Personal income tax:   +16.5%
  • Sales tax:  +2.9%

The largest increase was in the Mid-Atlantic (+14.9%); the smallest increase was in the Southeast (+7.1%). State tax revenues rose in 49 states. Here are the states with the ten biggest increases in tax revenues, as well as the states with the smallest increases in tax revenues:

1

Alaska

92.1%

2

North Dakota

55.0%

3

Illinois

27.1%

4

Kansas

25.4%

5

Arizona

20.8%

6

New Jersey

20.8%

7

New York

20.4%

8

New Mexico

18.2%

9

Louisiana

15.4%

10

Oklahoma

15.2%

 

 

 

 

United States

10.8%

 

 

 

41

Wisconsin

5.4%

42

Florida

4.0%

43

Mississippi

3.6%

44

Tennessee

3.2%

45

Maine

3.1%

46

Georgia

3.0%

47

Missouri

2.4%

48

Washington

0.6%

49

Pennsylvania

0.5%

50

New Hampshire

(7.9%)


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