Sales Tax Decline in Late 2008 Was the Worst in 50 Years: Early Data for 2009 Show Further, Sharp Drop in Tax Revenues for Most States
Publication Date: April 2009
Publisher(s): Nelson A. Rockefeller Institute of Government
Keywords: State Tax Collections; State Revenue
Coverage: United States
State tax collections for late 2008 dropped by 4 percent nationwide--with dips in 41 states--marking the first such decline in more than six years. The drop in sales taxes was particularly sharp, at over 6 percent. Including local sales taxes, the decline was the worst in a half-century. Data for early 2009 show even more dramatic worsening of statesÃ¢ fiscal conditions.