State Tax Collections and Rates
Special Report No. 95
Executive Summary State tax and fee collections grew by 7.1 percent between FY 1997 and FY 1998. This growth in tax collections is substantial even when adjusted for inflation, and it continues a decade-long trend.
The fastest growing category of state collections was estate and gift tax collections which rose 17.4 percent. Individual income taxes rose rapidly at an 11.1 percent clip in FY 1998. “Other taxes” were up 9.8 percent. This is a catch-all category that includes amusement sales, pari-mutuel sales, documentary and stock transfer taxes and miscellaneous taxes (mostly other sales taxes).
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