Paul L. Caron
Dean



Thursday, February 3, 2011

State Tax Revenues Rise for Third Consecutive Quarter

The Nelson A. Rockefeller Institute of Government reports that state tax revenues increased for the third consecutive quarter, up 4.5% for the third quarter of 2010:
  • Corporate income tax:  +1.6%
  • Personal income tax:   +4.3%
  • Sales tax:  +4.3%

Chart 1 

The largest increase was in the Northeast (+10.8%); the smallest increase was in the Far West (+2.2%). State tax revenues rose in 43 states, with ten states reporting double-digit tax growth. Here are the states with the ten biggest increases in tax revenues, as well as the states with the smallest increases and decreases in tax revenues:

1

New Hampshire

+29.9%

2

North Dakota

+29.8%

3

New Mexico

+19.9%

4

Utah

+14.9%

5

Minnesota

+13.2%

6

Alabama

+11.9%

7

Connecticut

+11.9%

8

Wisconsin

+11.4%

9

Oregon

+11.1%

10

Massachusetts

+10.2%

 

 

 

 

United States

+4.5%

 

 

 

41

Michigan

+1.4%

42

South Dakota

+1.1%

43

Florida

+0.2%

44

New Jersey

-0.4%

45

Wyoming

-1.5%

46

Virginia

-3.0%

47

Louisiana

-5.4%

48

Nevada

-6.6%

49

Hawaii

-12.0%

50

Alaska

-37.8%

https://taxprof.typepad.com/taxprof_blog/2011/02/state-tax-revenues.html

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