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State and local tax take continues to rise.

State and local tax collections totaled $531 billion for calendar year 1991--an increase of $23.9 billion, or 4.7% from the previous year. State tax collections rose 3.7% during the period to $317.3 billion, while locally imposed taxes were up 6.7% to $213.7 billion.

Property taxes, the greatest source of revenue for state and local governments, recorded the largest percentage increase, rising 8.6% to $172 billion. Individual income tax collections increased 4% to $110.4 billion. However, corporate net income tax collections reflected the recession's impact on business, declining 2% to $23.1 billion. General sales and gross receipts tax collections rose .4% to $123.7 billion.

Automobile-related tax collections were among the fastest-rising tax groups. Motor fuel tax collections rose 5.9%, the second largest percentage jump, to $21.9 billion. Motor vehicle and operators' license tax collections were up 5.1% to $11.9 billion.

States with the fastest-rising tax collections included Nebraska, up 11.5%; New Jersey, up 11.3%; Arizona, up 10.4%; Pennsylvania, up 9.9%; and Arkansas, up 9.3%. Only six states recorded a revenue decline: Maine, 0ff3.5%; Montana, off 1.7%; Missouri, off 1.5%; North Dakota, off 1.4%; Georgia, off 1.2%; and Utah, off .8%. Tax collections were unchanged in California, Illinois, Tennessee and West Virginia.
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Article Details
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Publication:Journal of Accountancy
Article Type:Brief Article
Date:Feb 1, 1993
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