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GovernmentsFOR IMMEDIATE RELEASE: THURSDAY, MARCH 30, 2006
State Government Tax Collections up $57 Billion in 2005
State government tax collections reached nearly $649 billion in fiscal year 2005, a $57 billion (9.7 percent) increase from 2004, the Census Bureau reported today.
According to data from the 2005 Annual Survey of State Government Tax Collections, taxes on individual income were $221 billion, up 12.6 percent; and general sales taxes were $212 billion, up 7.2 percent. These taxes made up more than two-thirds of all state tax collections.
Nationally, per capita taxes collected by states averaged $2,192. Among individual states, per capita taxes were highest in Vermont, $3,600; followed by Hawaii, $3,478; Wyoming, $3,418; Connecticut, $3,300; and Delaware, $3,229. The lowest per capita tax collections were in South Dakota, $1,430; Texas, $1,434; New Hampshire, $1,544; Colorado, $1,640; and Missouri, $1,645.
Among other major taxes, corporation net income taxes increased 28 percent, followed by documentary and stock transfer taxes, 27.4 percent, and severance taxes, 26.4 percent.
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