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Pepperdine University School of Law

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Monday, November 23, 2009

State Tax Revenues Plummet 10.7%

The Nelson A. Rockefeller Institute of Government today released a report showing that state tax revenues dropped in the third quarter in each of the 44 states that submitted data.  The average decline was 10.7%:

Rockefeller 1

The biggest declines were in corporate income tax revenues (-19.4%) and personal income tax revenues (-11.4%).  State sales tax revenues declined 8.2%.

Here are the ten states with the biggest tax revenue declines:

1

Alaska

-52.4%

2

Vermont

-31.6%

3

Oklahoma

-28.4%

4

Utah

-20.5%

5

Montana

-20.2%

6

North Dakota

-17.3%

7

Arizona

-16.3%

8

Delaware

-15.7%

9

Louisiana

-14.9%

10

Colorado

-14.1%

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