- Total state tax revenue was down by $37.5 billion, or 4.4%, in the first nine months of 2020 compared to the same period the year before.
- Many states shifted income tax filing deadlines from the second to the third quarter to provide some economic relief in the pandemic’s first months. But as those taxes came due, they weren’t enough to make up for all the losses earlier in the year.
- Gas tax receipts declined 6.3% nationwide in the first three quarters of 2020 relative to 2019. Three states reported gas tax revenue declines of more than 20%: Washington (-29.8%), Michigan (-24.9%), and Louisiana (-20.8%).
See the report for more, including a comparison of state tax revenues from the past two years. |