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Tax Authority State & Local Tax Revenue Report

As the increased federal funding from the 2021 American Rescue Plan Act runs out, states that responded to healthy coffers by reducing income tax rates may find themselves struggling to raise revenue sufficient to support spending. Meanwhile, states that used the federal funds to build up their rainy-day accounts may have a fiscal cushion for any difficult times ahead.

Whether the coffers are low or state treasuries are feeling flush, all are carefully monitoring their inflow of tax revenue. Here, Law360 Tax Authority provides up-to-date coverage on states' tax revenue.





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--Graphics by Ben Jay.

NEWS & ANALYSIS

Maine Revenue Through March Up $36M From Estimate

By Michael Nunes

Maine revenue from July through March outperformed an estimate by $36 million, according to the state's Department of Administrative and Financial Services.

ND Revenue Through March Beats Estimate By $4M

By Michael Nunes

North Dakota's general fund revenue collection from July through March outpaced an estimate by $4 million, according to the state's Legislative Council.

Maine Excludes Data Centers From Some Biz Tax Breaks

By Michael Nunes

Maine will exclude new data centers from a business equipment tax exemption and certain business tax credits under a bill signed by the state's governor.

Pa. Net Revenue Up $474M From Forecast, Dept. Says

By Michael Nunes

Pennsylvania's net revenue from July through March outpaced estimates by $474 million, according to the state Department of Revenue in a report released Monday.

Del. Net Receipts Through March Up $278M From Last Year

By Michael Nunes

Delaware's net receipts from July through March outpaced the same period last year by $278 million, according to the state Department of Finance.

Wis. Revenues Through March Outpace Last Year By $571M

By Michael Nunes

Wisconsin's general fund revenue from July through March outpaced the same period last year by $571 million, according to the state Department of Revenue.

Ariz. Revenue Through March Down $61M From Forecasts

By Michael Nunes

Arizona's general fund revenue collection from July through March underperformed estimates by $61 million, according to the state Department of Revenue.

NJ General Revenue Collection Through March Up $1.2B

By Michael Nunes

New Jersey's total major revenue collection from July through March beat the same period last year by $1.2 billion, according to the state Department of the Treasury.

RI Revenues Through March Beat Estimates By $44M

By Michael Nunes

Rhode Island's general fund revenue collection from July through March exceeded forecasts by $44 million, according to the state Department of Revenue.

Vt. General Revenues Through March Down $107M

By Michael Nunes

Vermont's general fund revenue from July through March underperformed the same period last year by $107 million, according to the state Agency of Administration.

Neb. Net Receipts Through March Up $443M

By Michael Nunes

Nebraska's net receipts from July through March outpaced last year for the same period by $443 million, according to the state Department of Revenue.

Utah's General Fund Revenue Up $606M Through March

By Michael Nunes

Utah's general fund revenue from July through March outpaced the same period last year by $606 million, according to the state tax commission.

NY Tax Collections Grow $10B From Prior Year

By Michael Nunes

New York state collected $10 billion more in tax in the fiscal year that ended last month than in the prior year, according to the state's tax department.

Ill. Revenue Beats Budget Forecast By $149M

By Michael Nunes

Illinois' general revenue collection from July through March outpaced estimates by $149 million, according to the Governor's Office of Management and Budget.

Okla. Total General Revenues Up $315M From Estimate

By Michael Nunes

Oklahoma's general fund revenue from July through March beat estimates by $315 million, according to the state Office of Management and Enterprise Services.

Va. Revenue Through March Rises $1.6B From Last Year

By Michael Nunes

Virginia's general fund revenue from July through March surpassed the total from the same period last fiscal year by $1.6 billion, according to the state's finance secretary.

Ohio Revenue Through March Beat Estimate By $722M

By Michael Nunes

Ohio's general fund revenue collection from July through March outpaced forecasts by $722 million, according to the state Office of Budget Management.

Calif. Revenues Through March Up $7.6B From Forecast

By Michael Nunes

California's general fund revenue from July through March outpaced estimates by $7.6 billion, according to a report released by the state comptroller.

La. March Revenues Up $9M From Last Year

By Michael Nunes

Louisiana's net revenue collection in March was $9 million higher than last year, according to the state Department of Revenue.

Ala. Net Tax Collection Through March Up $133M

By Michael Nunes

Alabama's net tax revenue collection from October through March outpaced the total from the same period last fiscal year by $133 million, according to the state Department of Revenue.