State and Local Tax Revenues Grow December 29, 2010 Joseph Bishop-Henchman Joseph Bishop-Henchman The U.S. Census Bureau reported this morning that state and local tax revenues for the third quarter were up 5.2% over the third quarter a year ago, marking the fourth consecutive quarter of positive growth. For the twelve months ending September 2010, total state and local tax revenue was $1.278 trillion, still under the September 2008 peak of $1.307 trillion. (See Table 1.) Table 1: Total State and Local Tax Revenue (in $ millions) Twelve month period ending State & Local Tax Revenue Year-over-Year Growth September 2010 $1,278,397 1.77% September 2009 $1,256,121 (3.93%) September 2008 $1,307,489 4.09% September 2007 $1,256,083 5.57% September 2006 $1,189,853 7.66% September 2005 $1,105,199 7.19% September 2004 $998,198 7.78% September 2003 $926,161 3.67% September 2002 $893,395 0.21% September 2001 $891,557 3.45% Property tax collections grew 7.8% from 2009 to 2010; individual income tax, 4.8%; sales tax, 4.0%; gasoline tax, 8.2%; cigarette tax, 8.3%; and alcohol tax, 1.9%. Corporate income tax collections fell by 3.3% over 2009. Stay informed on the tax policies impacting you. Subscribe to get insights from our trusted experts delivered straight to your inbox. Subscribe Share Tweet Share Email Topics Center for State Tax Policy Business Taxes Individual and Consumption Taxes