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

Mont. Revenues Through Jan. Beat Last Year by $34M

By Michael Nunes

Montana's general fund revenue collection from July through January was $34 million higher than during the same period last fiscal year, according to the state Department of Revenue.

Ala. Revenue Through Jan. Up $107M From Previous Year

By Michael Nunes

Alabama's general fund revenue from October through January was $107 million higher than last year, according to the state Department of Revenue.

Iowa Total Receipts Through January Down $893M

By Michael Nunes

Iowa's total receipts collection from July through January was $893 million behind the same period last year, according to the state Department of Management.

Mo. Total Revenues Through Jan. Rise $47M From Last Year

By Michael Nunes

Missouri's total collections from July through January outpaced the same period last year by $47 million, according to the state Department of Revenue.

Miss. Revenue Through Jan. Up $165M From Estimate

By Michael Nunes

Mississippi's general fund revenue collection from July through January exceeded a forecast by $165 million, according to the state Department of Revenue.

Ark. Revenue Through Jan. Beats Forecast By $160M

By Michael Nunes

Arkansas general fund revenue collection from July through January beat an estimate by $160 million, according to the state Department of Finance and Administration.

NH Total Receipts Through Jan. Up $44M From Estimates

By Michael Nunes

New Hampshire's general fund revenue collection from July through January outpaced estimates by $44 million, according to the state.

Mass. Tax Collection Through Jan. Beats Forecast By $532M

By Michael Nunes

Massachusetts tax collection from July through January outpaced an estimate by $532 million, according to the state Department of Revenue.

Texas Revenue Rises By $48M Through January

By Michael Nunes

Texas' net general revenue collection from September through January was $48 million higher than in the same period last fiscal year, according to the state comptroller's office.

W.Va. Revenues Through January Beat Forecast By $109M

By Michael Nunes

West Virginia's general fund revenue collection from July through January beat expectations by $109 million, according to the state Budget Office.

Fla. Net Revenue Through Dec. Beats Estimates By $480M

By Michael Nunes

Florida's net revenue from July through December was $480 million better than expected, according to the state Office of Economic and Demographic Research.

Mich. Revenues Through Dec. Climb $88M From Last Year

By Michael Nunes

Michigan's general fund revenue collection from October through December outpaced the same period last year by $88 million, according to the state Budget Office in a report released Friday.

Maine Revenues Through December Up $9M From Estimate

By Michael Nunes

Maine's general fund revenue collection from July through December beat forecasts by $9 million, according to the state Department of Administrative and Financial Services.

Vermont Revenues Through December Down $101M

By Michael Nunes

Vermont's general fund revenues from July through December lagged $101 million behind the same period last year, according to the state Agency of Administration in a report released Wednesday.

Utah General Fund Revenue Through Dec. Increases $318M

By Michael Nunes

Utah's general fund revenue collection from July through December outpaced the same period in the previous year by $318.4 million, according to the state tax commission.

SC Revenue Through Dec. Rises $263M From Last Year

By Michael Nunes

South Carolina's general fund revenue collection from July through December outpaced the same period last year by $263 million, according to the state Board of Economic Advisors.

ND Revenues Through Dec. Up $7M From Estimate

By Michael Nunes

North Dakota's general fund revenue from July through December was $7 million higher than estimates, according to the state Legislative Council.

RI Revenue Through December Up $28M From Estimate

By Michael Nunes

Rhode Island's general fund revenue from July through December outperformed an estimate by $28 million, according to the state Department of Revenue.

NC Revenue Collection Through Dec. Up $509M

By Michael Nunes

North Carolina's revenue collected from July through December was $509 million higher than the same period last year, according to the state controller in a report released Thursday.

Ariz. Revenues Through Dec. Up $239M From Forecast

By Michael Nunes

Arizona's general fund revenue collection from July through December outpaced estimates by $239 million, according to the state Joint Legislative Budget Committee.