The CARES Act and movement of the tax filing deadline have impacted the state's revenue forecast by $146 million.
Sales | Individual | Corporate | Misc. | Total | |
---|---|---|---|---|---|
NE Forecast in Feb 2020 | $ 1,820,000 | $ 2,765,000 | $ 370,000 | $ 220,000 | $ 5,175,000 |
Plus: Filing date shift to next year | $ - | $ 218,772 | $ 52,857 | $ - | $ 271,629 |
Less: Impact of CARES Act | $ - | $ (119,321) | $ (6,272) | $ - | $ (125,593) |
Current Forecast | $ 1,820,000 | $ 2,864,451 | $ 416,585 | $ 220,000 | $ 5,321,036 |