Monday, December 31, 2012

State Tax Collections Up Year over Year

The state's net take from all taxes for the year ended November 30th was up just over 8.5%, or $568-million. The Legislative Services Agency says the biggest contributors to the increase: Individual income was up close to 7% at $199.2-million; sales and use taxes up $133-million or 6%, and corporate income tax collections up $190-million or 67.5%.

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