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

Idaho Revenues Through December Up $102M From Forecasts

By Michael Nunes

Idaho's general fund revenue collection from July through December outpaced estimates by $102 million, according to the state Division of Financial Management.

Va. Revenues Through December Up $1.22B From Last Year

By Michael Nunes

Virginia's general fund revenues from July through December rose $1.22 billion compared to the same period last year, according to the state Secretary of Finance.

Ky. General Revenue Through December Down $52M

By Michael Nunes

Kentucky's general fund revenue collection from July through December lagged behind last year by $52 million, according to the Department of Revenue.

Pa. Revenue Through Dec. Beats Forecast By $239M

By Michael Nunes

Pennsylvania's general fund revenue collection from July through December outpaced a forecast by $239 million, according to the state Department of Revenue.

Minn. Revenues Through Dec. $65M Higher Than Forecast

By Michael Nunes

Minnesota's total net revenue from July though December outpaced forecasts by $65 million, according to the state Office for Management and Budget.

Ohio Revenues Through December Beat Estimates By $344M

By Michael Nunes

Ohio's general fund revenue collection from July through December was $344 million higher than estimated, according to the state Office of Budget and Management.

Miss. House Bill Would Create TV Production Tax Credit

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.

Miss. Revenue Through Dec. Tops Forecast By $164M

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.

Calif. Tax Revenue Through Dec. Beat Estimates By $10B

By Michael Nunes

California's general fund revenue collection from July through December outpaced forecasts by $10 billion, according to the state controller.

Mo. Revenues Though December Up $202M From Last Year

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.

Ark. Revenue Through Dec. Beats Forecast By $103M

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.

Ala. Net Tax Collections Through December Up $15M

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.  

Texas Revenues Through Jan. Slightly Lower Than Last Year

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.

W.Va. Revenue Beats Forecast By $128M Through December

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.

Iowa General Revenue Collection Through Dec. Down $662M

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.

Mich. Revenue Through Nov. Up $279M From Last Year

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.

Fla. Net Revenue Through Nov. Beats Estimate By $487M

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.

Maine General Revenues Top Forecast By $91M

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.

RI Revenues Through Nov. Lag $29M Below Estimate

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.

Fiscal Year 2026 State Tax Revenues Look Shaky, Experts Say

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.