Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How much does revenue generated from sales and use taxes account for a states overall budget?

April 26, 2017account budget overall revenue sales State taxes

0

Posted

How much does revenue generated from sales and use taxes account for a states overall budget?

1 Answer

0

Posted

According to U.S. Census Bureau statistics, 47.9% of states’ revenues come from the collection of sales and use taxes. Of the states that impose a sales and use tax, many rely heavily on funds generated from these revenues for their overall state income.