No Big Surprise - State Tax Revenue Continues Recovery
Nicholas W. Jenny
Abstract
Nicholas W. Jenny
Abstract
The author writes that state tax revenue in the April-June quarter of 2004 grew 11.3 percent compared with revenue in the same period in 2003. Personal income tax revenue grew 15.6 percent, sales tax revenue grew 7.1 percent, and corporate income tax revenue grew 13.6 percent.
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The author writes that state tax revenue in the April-June quarter of 2004 grew 11.3 percent compared with revenue in the same period in 2003. Personal income tax revenue grew 15.6 percent, sales tax revenue grew 7.1 percent, and corporate income tax revenue grew 13.6 percent.
Key concepts: Revenue, Tax revenue, Surprise, Value-added tax, Ad valorem tax, Business, Tax reform, Revenue center