Fourth quarter 2012 (2012:4) tax revenues for state and local governments, as compared to fourth quarter 2011 (2011:4), increased 2.7 percent, marking the thirteenth consecutive quarter of positive year-over-year growth. Tax revenue for the quarter totaled $399.7 billion, as com-pared to $389.1 billion for the fourth quarter of 2011 (see Figure 1).The largest tax categories, (property, individual and cor-porate income, and general sales tax) all showed growth over the same quarter in 2011.
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