| SAN FRANCISCO
SAN FRANCISCO Dec 20 U.S. state and local
government tax revenues increased to $294.2 billion in the third
quarter of 2016, a 2.2 percent increase versus the same period a
year ago, according to data from the U.S. Census Bureau
published on Tuesday.
Property tax collections grew 3.2 percent to $105.7 billion
from $102.4 billion collected in the same quarter of 2015.
The data examines the four largest state and local
government tax categories: property, sales, individual income
and corporate income taxes.
General sales tax revenue increased slightly, up 2.5 percent
to $91.8 billion from $89.6 billion collected in the same
quarter in 2015.
Individual income tax collections rose to 86.4 billion, up
2.4 percent from a year ago.
Corporate net income tax revenue for the third quarter
declined 9.6 percent to $10.4 billion, from $11.5 billion in the
same quarter of 2015.
Total state tax revenue increased 1.4 percent to $216.8
billion from $213.8 billion in the second quarter of last year.
Most state tax revenue derives from individual income, sales and
To review the census data click on:
(Reporting by Rory Carroll; Editing by Chizu Nomiyama)