State government tax collections decreased $14.3 billion to $704.6
billion in fiscal year 2010, the U.S. Census Bureau reported today. There
was a $65.8 billion decrease in 2009.
These new data come from the 2010 Annual Survey of State Government Tax
Collections, which contains annual statistics on the fiscal year tax
collections of all 50 state governments, including receipts from licenses
and compulsory fees. Tax revenues also include related penalty and interest
receipts of the governments.
"The first response of researchers and analysts, when confronted with a
new tax policy question, is to see what the Annual Survey of State
Government Tax Collections data tell them about the question," said John
Mikesell, a Chancellor's Professor at Indiana University's School of Public
and Environmental Affairs. "These data make the public finance world easier
to understand and to analyze."
According to the survey, corporate net income tax revenue was $38.2
billion, down
6.6 percent, while tax revenue on individual income was $236.4 billion,
down 4.4 percent. General sales tax revenue was $224.5 billion, down 1.8
percent. These taxes comprised
70.8 percent of all state government tax collections nationally.
This survey provides an annual summary of taxes collected by state for
up to 25 tax categories. For more information about this survey, visit <
http://www.census.gov/govs/statetax/>.
Eleven states saw increases in total tax revenue in fiscal year 2010,
led by North Dakota
(9.6 percent), North Carolina (4.8 percent), Nevada (4.0 percent), and
California (3.8 percent).
The states with the largest total tax revenue decreases were Wyoming
(23.4 percent), Louisiana (14.2 percent), Oklahoma (13.5 percent), and
Montana (11.0 percent).
States with the largest percent decrease in revenue from individual
income taxes were Louisiana (22.2 percent), Tennessee (22.2 percent), North
Dakota (18.0 percent) and New Hampshire (16.2 percent).
Severance taxes — collected for removal or harvesting of natural
resources (e.g., oil, gas, coal, timber, fish, etc.) — were down $2.3
billion, a 17.4 percent decrease. This followed a
24.8 percent decrease in fiscal year 2009. The largest decreases in
severance tax revenue were seen in the West and South. The Midwest saw an
increase in severance tax revenue this year.
Revenue on taxes imposed distinctively on insurance companies and
measured by gross or adjusted gross premiums (insurance premium sales tax)
increased $754.0 million, up
5.0 percent. This followed a 4.6 percent decrease in fiscal year 2009. The
largest increases in insurance premium sales tax revenue were seen in the
Northeast and South.
These data do not include employer and employee assessments for
retirement and social insurance purposes. Also excluded are collections for
the unemployment compensation taxes imposed by each of the state
governments. In addition, these data include tax collections for state
governments only; they do not include tax collections from local
governments.
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billion in fiscal year 2010, the U.S. Census Bureau reported today. There
was a $65.8 billion decrease in 2009.
These new data come from the 2010 Annual Survey of State Government Tax
Collections, which contains annual statistics on the fiscal year tax
collections of all 50 state governments, including receipts from licenses
and compulsory fees. Tax revenues also include related penalty and interest
receipts of the governments.
"The first response of researchers and analysts, when confronted with a
new tax policy question, is to see what the Annual Survey of State
Government Tax Collections data tell them about the question," said John
Mikesell, a Chancellor's Professor at Indiana University's School of Public
and Environmental Affairs. "These data make the public finance world easier
to understand and to analyze."
According to the survey, corporate net income tax revenue was $38.2
billion, down
6.6 percent, while tax revenue on individual income was $236.4 billion,
down 4.4 percent. General sales tax revenue was $224.5 billion, down 1.8
percent. These taxes comprised
70.8 percent of all state government tax collections nationally.
This survey provides an annual summary of taxes collected by state for
up to 25 tax categories. For more information about this survey, visit <
http://www.census.gov/govs/statetax/>.
Eleven states saw increases in total tax revenue in fiscal year 2010,
led by North Dakota
(9.6 percent), North Carolina (4.8 percent), Nevada (4.0 percent), and
California (3.8 percent).
The states with the largest total tax revenue decreases were Wyoming
(23.4 percent), Louisiana (14.2 percent), Oklahoma (13.5 percent), and
Montana (11.0 percent).
States with the largest percent decrease in revenue from individual
income taxes were Louisiana (22.2 percent), Tennessee (22.2 percent), North
Dakota (18.0 percent) and New Hampshire (16.2 percent).
Severance taxes — collected for removal or harvesting of natural
resources (e.g., oil, gas, coal, timber, fish, etc.) — were down $2.3
billion, a 17.4 percent decrease. This followed a
24.8 percent decrease in fiscal year 2009. The largest decreases in
severance tax revenue were seen in the West and South. The Midwest saw an
increase in severance tax revenue this year.
Revenue on taxes imposed distinctively on insurance companies and
measured by gross or adjusted gross premiums (insurance premium sales tax)
increased $754.0 million, up
5.0 percent. This followed a 4.6 percent decrease in fiscal year 2009. The
largest increases in insurance premium sales tax revenue were seen in the
Northeast and South.
These data do not include employer and employee assessments for
retirement and social insurance purposes. Also excluded are collections for
the unemployment compensation taxes imposed by each of the state
governments. In addition, these data include tax collections for state
governments only; they do not include tax collections from local
governments.
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