State Tax and Economic Review
The State Tax and Economic Review is the preeminent source of data and analysis on state tax collections. The State and Local Finance Initiative regularly collects data and information from all 50 states, uses this information to adjust national and state data from the US Census Bureau, then provides the most timely, accurate, and in-depth look at how states are faring. We examine the economic factors driving state tax collections based on data from US federal agencies like the Bureau of Economic Analysis, Bureau of Labor Statistics, and Federal Housing Finance Agency.
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Data that drives research and investment
Windfall “April Surprises” Made Up for Earlier Shortfalls; State Taxes Returned to Normal Levels in the Third Quarter
November 26, 2019
State tax revenue saw robust growth in the second quarter of 2019, mostly because of the TCJA and resulting income tax shifting. Revenue growth returned to normal levels in the third quarter of 2019.
October 8, 2019
"Sin taxes" are often viewed as budget saviors, though they play a rather small role in state budgets. Although states raise revenue from sin taxes, policymakers should be mindful of these taxes' limitations.
October 14, 2019
According to preliminary data collected by the Tax Policy Center, total tax revenue grew by 5.8 percent in fiscal year 2019. But there was wide variation by state and by revenue source.