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![handle is hein.taxfoundation/srhfxz0001 and id is 1 raw text is: TAX k A13
FOUNDATION
February 1998
No. 75
State Tax Rates and 1996 Collections
State tax and fee collections grew by 4.9
percent between 1995 and 1996. The growth
in inflation-adjusted tax collections continues a
trend that began more than a decade ago
(Figure 1 charts the growth over the past
decade.). Table 5 reports that the three fastest
growing categories of state collections were
death and gift taxes (8.2 percent), individual
income taxes (6.9 percent), and public utility
taxes (6.4 percent). Total 1996 state-by-state
collections, along with the distribution by type
of tax, are reported in Table 6.
In 1996, on average, growth in personal
income outpaced the growth in state taxes.
Table 7 reports that, for the nation, state tax
collections lagged behind personal income by
Figure 1
Total State Tax Collections, 1 986-1996
(Billions of Dollars, Current and C7onstant 1986$)
Current Dollars
$450
$400
$350
$300
$250
$200
$150
$100
$50
$0
Constant Dollars ($1986)
1986 1987 1988 1989 1990 1991
1992 1993 1994
1995 1996
',OUrcc: Taix Foutn(latioti.
13y Scott Moody
Economist
latx Foundation
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