Steep Slide in State & Local Taxes in 2020’s Q2 Reversed in Q3
![Steep Slide in State & Local Taxes in 2020’s Q2 Reversed in Q3](https://cc-production-uploads-bucket.s3.amazonaws.com/uploads/2021/01/Tax-Revenue-Header-Graphic-DCN.jpg)
Steep Slide in State & Local Taxes in 2020’s Q2 Reversed in Q3
Here are 3 (standalone) graphs on U.S. state and local government finances. No doubt, and as is apparent from Graph 1, there were some sharp tax revenue declines in Q2 of 2020, especially in personal and corporate income taxes. Sales tax receipts also...