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State Government Tax Revenue Rises for Fourth Year in a Row

“State government tax revenue increased 2.2 percent, from $847.1 billion in fiscal year 2013 to $865.8 billion in 2014, the fourth consecutive increase, according to the U.S. Census Bureau’s 2014 Annual Survey of State Government Tax Collections. General sales and gross receipts taxes drove most of the revenue growth, increasing from $258.9 billion to $271.3 billion, or 4.8 percent. Severance taxes increased 6.0 percent, from $16.8 billion to $17.8 billion, and motor fuel taxes increased 3.4 percent, from $40.1 billion to $41.5 billion. “The Annual Survey of State Government Tax Collections provides a comprehensive look at the fiscal health of state governments,” said Kevin Deardorff, chief of the Census Bureau’s Economy-Wide Statistics Division. “State governments and businesses have been using these statistics since 1951 to make policy and investment decisions.” The 2014 Annual Survey of State Government Tax Collections contains statistics on the tax collections of all 50 state governments, including receipts from compulsory fees. Revenue statistics are broken down into 25 subcategories, such as motor fuel taxes, amusements taxes and hunting license taxes. Tax revenue statistics also include related penalty and interest receipts of the governments.”

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