TaxProf Blog

Editor: Paul L. Caron
Pepperdine University School of Law

A Member of the Law Professor Blogs Network

Monday, October 19, 2009

State Tax Revenues Plummet 16.3%

The Nelson A. Rockefeller Institute of Government reports that state tax revenues continue to decline at a record rate, down 16.3% in the second quarter of 2009.  Personal income tax revenues declined 27.5% and sales tax revenues declined 9.5% -- the steepest declines since 1963.  Combined state and local tax revenues declined 12.2% (again the steepest decline since 1963).  State Tax Revenues Show Record Drop, for Second Consecutive Quarter (press release):

1

Alaska

-86.5%

2

New Mexico

-30.8%

3

Oregon

-27.3%

4

Arizona

-26.7%

5

Delaware

-25.1%

6

Wisconsin

-24.3%

7

Colorado

-23.6%

8

New York

-22.0%

9

North Carolina

-21.9%

10

Oklahoma

-21.8%

http://taxprof.typepad.com/taxprof_blog/2009/10/state-tax-.html

Tax, Think Tank Reports | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341c4eab53ef0120a649283a970c

Listed below are links to weblogs that reference State Tax Revenues Plummet 16.3%:

Comments

Table 9 shows a 71.9% increase in California's corporate income tax revenue from 2008 to 2009. Can someone here please explain that anomaly?

Posted by: AMTbuff | Oct 19, 2009 8:22:36 AM