Total net tax receipts are up 0.2% for the fiscal year. The impact to personal income tax is expected due to the extension of the tax filing deadline into the next fiscal year (July 15).
Cumulative Actual | Cumulative Projected | Cumulative Difference | Cumulative Percent Difference | |
---|---|---|---|---|
Sales & Use Tax | $1,848,235,958 | $1,750,000,000 | $98,235,958 | 5.6% |
Individual Income Tax | $2,445,647,485 | $2,625,100,000 | -$179,452,515 | -6.8% |
Corporate Income Tax | $391,163,752 | $325,000,000 | $66,163,752 | 20.4% |
Misc Tax | $254,715,415 | $299,007,083 | $25,708,332 | 11.2% |
Total Net | $4,939,762,611 | $4,929,107,083 | $10,655,528 | 0.2% |