From the press release:
State government tax revenue increased by 6.1 percent from fiscal year 2012 to a record $846.2 billion in 2013, the U.S. Census Bureau reported today. The increase shows an upward trend in state government tax revenue for the third year in a row. From fiscal year 2010 to 2011, state government tax revenue increased by 7.3 percent; from fiscal year 2011 to 2012, the increase was 4.7 percent. The 2013 Annual Survey of State Government Tax Collections, which has been collected annually since 1951, contains statistics on the tax collections of all 50 state governments, including receipts from compulsory fees….Forty-eight states saw an increase in total tax revenue in fiscal year 2013. States with the largest percentage increase were North Dakota (27.8 percent), California (15.6 percent), Hawaii (10.5 percent) and Colorado (9.6 percent). Two states, Alaska and Wyoming, saw a decrease in total tax revenue primarily because of a decline from 2012 in severance tax revenues. Severance taxes are collected for the removal or harvesting of natural resources (e.g., oil, gas, timber, fish, etc.). … Revenue statistics are broken down into 25 subcategories that cover collection on items such as motor fuel taxes, amusements taxes and hunting license taxes. Tax revenues also include related penalty and interest receipts of the governments….
Did You Know?
Nevada, Texas, Washington, and Wyoming do not collect a corporation income tax.