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State and Local Tax Policy: What are the sources of revenue for state governments?

State and Local-graph1-State-Gen-Revenue-2008
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State and Local-graph1-State-Gen-Revenue-2008

States collected general revenues totaling nearly $1.6 trillion in 2010. Thirty-seven percent of that revenue came as transfers from the federal government and, to a much smaller degree, from local governments. The remainder came from state taxes, fees, and miscellaneous receipts.

  • States received about $576 billion in intergovernmental transfers in 2010, which accounted for nearly 37 percent of their general revenues.
  • Sales and gross receipts taxes were the largest source of states’ own tax revenues in 2010, totaling about $340 billion or  one-fifth of general revenues.
  • Individual and corporate income taxes accounted for about 17 percent of state general revenues in 2010. The individual share totaled a little under $240 billion and the corporate share a little over $37 billion.
  • Other taxes, charges, fees, and miscellaneous receipts totaled just over $370 billion in 2010, a little less than one-fourth of general revenues.
 
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