State government tax revenue increased 4.8 percent, from $875.0 billion in fiscal year 2014 to $916.5 billion in 2015 ─ the fifth consecutive increase, according to the U.S. Census Bureau’s 2015 Annual Survey of State Government Tax Collections.
Income taxes drove most of the growth, accounting for $27 billion of the $41 billion increase, from $360.1 billion to $387.2 billion, or 7.5 percent.
The 2015 Annual Survey of State Government Tax Collections provides a comprehensive look at state governments and contains statistics on the tax collections of all state governments, including receipts from compulsory fees. State governments and businesses have been using these statistics since 1951 to make policy and investment decisions.
Revenue statistics are broken down into 25 subcategories, such as motor fuel taxes, amusements taxes and hunting license taxes. Tax revenue statistics also include related penalty and interest receipts of the governments….