Quarterly Summary of State and Local Government Tax Revenue for 2014: Q1

June 24, 2014
Report Number: G14-QTAX1

Selected Tax Categories Show Growth

2014 Quarter 1

First quarter 2014 tax revenues for four selected state and local government tax categories increased 2.4 percent to $295.7 billion from $288.7 billion in the same quarter of 2013.

Figure 1 shows historical state and local government tax revenue trends for these four categories, property, corporate income, and general sales tax showed growth over the same quarter in 2013. Individual income tax fell.