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Q2 State Tax Collections

Q2 State Tax Collections

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Published by wagneb

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Published by: wagneb on Sep 30, 2009
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2009 Quarter 2
Second quarter 2009 (2009:2) tax revenue for state andlocal governments, as compared with second quarter2008 (2008:2), was down 12.2 percent, marking thethird consecutive quarter of negative growth. Tax rev-enue for the quarter totaled $308.3 billion comparedwith $351.2 billion reported for second quarter 2008.Of the four largest tax categories: property tax, generalsales tax, individual income tax, and corporate incometax; general sales and income tax saw negative growthin the second quarter; while both property tax and cor-porate income tax showed positive growth.
Taxes by Category
Property Tax 
Total Property tax revenue increased less than 0.1 per-cent in the first quarter of 2009 to $81.9 billion from$81.8 billion in the first quarter of 2008.
Individual Income Tax 
Individual income tax growth was negative over thepast three quarters, dropping by 27.2 percent from thesame quarter prior year. 2009:2 revenue was $77.0billion, down from $105.9 billion in 2008:2.
General Sales Tax 
General sales tax growth was down 9.3 percent, lead-ing to the third consecutive quarter of negative salestax growth. General sales tax revenue fell $7.5 billionfrom $80.0 billion in 2008:2 to $72.5 billion in 2009:2.
Corporate Income Tax 
Corporate income tax growth was positive for the firsttime in five quarters, up 3.6 percent. 2009:2 revenuewas $18.8 billion, up from $18.2 billion in 2008:2.
Other Taxes 
Motor fuels sales tax revenue was down 3.0 percentfrom the second quarter of 2008. Tobacco sales taxand alcoholic beverage sales tax revenue were up 1.2percent and 0.5 percent respectively when comparedwith second quarter 2008. Severance taxes collectedin the second quarter totaled $2.1 billion, down 71.0percent from the second quarter 2008, and documen-tary and stock transfer taxes collected in the secondquarter totaled $1.1 billion, down 36.1 percent fromthe same quarter prior year.
For further information on state and local government tax revenue please contact Governments Division, U.S. Census Bureau,on
or by email at <
Released September 29, 2009 
Quarterly Summary of State and LocalGovernment Tax Revenue
SALES AND INCOME TAX REVENUE DECLINE FOR THIRD CONSECUTIVE QUARTERGeneral Sales Tax and IndividualIncome Tax Revenues: 1997–2009
Source: U.S. Census Bureau, Quarterly Summary of State andLocal Government Tax Revenue.
05010015020025030035009080706050403020100999897 Billions of dollarsSales taxIndividual income tax
Helping You Make Informed Decisions 
The data and technical documentation for this release canbe found at <www.census.gov/govs/www/qtax.html>.

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