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Quarterly Summary of State and Local Government Tax Revenue: 2021 Q2

G21-QTAX2

2021 QUARTER 2

The second quarter of 2021 combined tax revenues for property, sales and gross receipts, and income taxes increased 32.5 percent to $450.4 billion from $340.0 billion in the same quarter of 2020.

Q2 2021 Selected State Highlights

The Quarterly Summary of State and Local Tax Revenue survey for April to June 2021 shows a rebounding economy, recovering from the Covid-19 related economic downturn of 2020. The lockdowns, combined with the delayed tax deadlines, caused many states to experience a budget shortfall in 2020. The recent data shows that states are recuperating - some better than others.

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