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Tax revenues increased in all but five states in fiscal year 2012, with some recording noticeable gains. In all, states collected $794.6 billion, a record-high that represents a 13 percent increase from 2010 totals, not adjusting for inflation.
Illinois reported the highest year-over-year increase, up $5.8 billion, resulting in large part from a personal income tax rate hike. Behind Illinois, the states with the highest tax revenue gains were Texas ($5.5 billion), New York ($3.6 billion) and Connecticut ($2 billion).
Governing compiled current and historical revenue data reported to the Census Bureau into the chart below.
Data includes the following categories of taxes: general sales/gross receipts, selective sales taxes, property taxes, licenses, individual income, corporation net income, death and gifts, stock transfer, severance and other tax figures.
Select your state and tax type below to display tax revenue data:
GOVERNING Data is your source for state and local government statistics and public records.
Feel free to use any data or visualizations in your own reports with attribution and a link to the source.
Contact: Mike Maciag, mmaciag@governing.com
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