Reflecting increased economic activity, the following states are reporting higher tax revenues for the month of November:
- Total November tax collections were up 3.3% from November 2009, largely because of a 19.2% increase in sales tax revenue compared to last year
2. Texas collected 8.7% more sales tax in November, marking the eighth month in a row that receipts were higher than last year.
- State tax revenue grew 3.4% in November compared to the year before for the eighth consecutive month, leading state officials to believe Tennessee’s economy is “slowly recovering.”
4. Arkansas - N
ovember gross receipts collections totaled $168.7 million, up 8.3% above November 2009. The collections, which reflect taxes on October sales, have seen increases for eight consecutive months
5. Iowa - State tax collections are returning to normal growth levels, providing evidence that Iowa is recovering from the effects of a national recession that caused state revenues to nose dive and forced budget upheaval in previous fiscal years. State tax collections grew by 5.7% in November.
6. Massachusetts revenues continued to climb in November with the state pulling in $1.43 billion in tax receipts — an increase of nearly 11% from November of last year.