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Research report

State Tax and Economic Review, 2018 Quarter 4

State Revenues Were Weak in The Fourth Quarter of 2018; But Revenue Outlook for FY 2019 Remains Positive

Lucy Dadayan
July 16, 2019
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Abstract

State government tax revenues from major sources declined in the fourth quarter of 2018 compared with the same quarter in 2017, mostly because of declines in state income tax revenues. The declines in income tax collection are partially attributable to the disappearing impact of incentives created under the TCJA to accelerate payments of state and local income taxes into tax year 2017. However, most states saw positive April surprises when income tax returns were filed. Although growth in income tax collections this April was the largest in the past 10 years, the surge should be viewed as a one-time occurrence.

Access to the full datasets that inform the State Tax and Economic Review is available for purchase through the Data Subscription Service.

Research Area

Business Taxes Corporate income tax Individual Taxes Income tax (individual) State and Local Issues State and local budgets State and local taxes
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Meet the Experts

  • Lucy Dadayan
    Senior Research Associate
Brief

Understanding the Maze of Recent Child and Work Incentive Proposals

Elaine Maag, Nikhita Airi
June 1, 2020
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