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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.

NEWS & ANALYSIS
By Michael Nunes
Mississippi would create an income tax credit for television productions filmed primarily in the state as part of a bill in the state House of Representatives.
By Michael Nunes
Mississippi general fund revenue collection from July through December outpaced an estimate by $164 million, according to the state Legislative Budget Office.
By Michael Nunes
California's general fund revenue collection from July through December outpaced forecasts by $10 billion, according to the state controller.
By Michael Nunes
Missouri's general fund revenue collection from July through December was $202 million higher than during the same period last year, according to the state Office of Administration and Planning.
By Michael Nunes
Arkansas general fund revenue collection from July through December outpaced an estimate by $103 million, according to the state Department of Revenue.
By Michael Nunes
Alabama's net tax collection from October through December was $15 million higher than the same period the previous year, according to the state Department of Revenue in a report released Wednesday.
By Michael Nunes
Texas' general fund revenue collection from September through December dropped 0.35% from the same time frame last year, according to a report released by the state comptroller's office.
By Michael Nunes
West Virginia collected $128 million more than expected in general fund revenue from July through December, according to the state's budget office.
By Michael Nunes
Iowa's general fund revenue collection from July through December lagged behind the same period last year by $662 million, according to the state Department of Management.
By Michael Nunes
Michigan's general fund revenue collection in October and November rose $279 million from the total for the same months last year, according to the state's budget office.
By Michael Nunes
Florida net revenue collection from July through November outpaced estimates by $487 million, according to the state Office of Economic and Demographic Research.
By Michael Nunes
Maine's general fund collection of revenues from July through November outpaced estimates by $91 million, the state Department of Administrative and Financial Services reported Tuesday.
By Michael Nunes
Rhode Island's general fund revenue collection from July through November underperformed estimates by $29 million, according to the state Department of Revenue.
By Michael Nunes
States are cutting back on general fund spending and setting budgets on a more defensive footing in fiscal year 2026, policy experts say, in anticipation of slower tax revenue growth after years of record-setting growth.
By Jaqueline McCool
Arizona's general fund revenue collection from July through November was $184 million ahead of estimates, according to the state Joint Legislative Budget Committee.
By Michael Nunes
South Carolina's general fund revenue collection from July through November was nearly $79 million ahead of estimates, according to the state Revenue and Fiscal Affairs Office.
By Michael Nunes
Utah's general fund revenue collection from July through November was $243 million higher than the same period last fiscal year, according to the State Tax Commission.
By Michael Nunes
North Carolina's general fund revenue from July through November was $369 million higher than the same period last fiscal year, according to the Office of the State Controller in a report released Wednesday.
By Michael Nunes
Nebraska's tax collections from July through November exceeded forecasts by $18 million, according to the state Department of Revenue.
By Michael Nunes
Illinois' general fund revenue collection from July through November outpaced estimates by $14 million, according to the Governor's Office of Management and Budget.