Sales tax

Louisiana voters will decide Nov. 13 on constitutional amendments that affect how income taxes are calculated and sales taxes are collected.

Revenue from the new law would replenish the state's unemployment fund and then cut taxes on commercial real estate rents.

A year after the pandemic struck the nation's economy, Texas sales tax collections hit an all-time record for April.

The decline in the first quarter shows the continuing impact of pandemic, exacerbated by the February winter storm that cut power to much of Texas.

The January sales tax report shows that Texas is recovering but still hurting on some revenue streams, Comptroller Glenn Hegar said.

With continuing weakness in oil fields, restaurants and stores due to the pandemic, Texas saw sales tax collections fall 3.5% year-over-year.

Declining tourist taxes, which support the bond-financed Orange County Convention Center's expansion, led officials to suspend the design work on the project.

Six states took revenue hits above 30%, according to report.

“We expect it will be years before demand returns to peak 2019 levels,” industry exec says.

Gov. Charlie Baker’s plan, with some tweaks, could secure much-needed funds money more quickly during the coronavirus pandemic, Pioneer Institute said.

The monthly drop collectively topped $60 billion.

With retail sales' record decline, budget pain will continue.

Even while the nation's economy is reeling from the impact of COVID-19, the municipal bond market is good news for cities looking to restructure their debt because of historically low interest rates.

Texas suffered its worst sales tax plunge in 10 years as the pandemic began to grip the state's economy.

Fiscal blow to MPEA's operations and tax collections follow the halt to trade and convention business that began in March.

When April data becomes available in about a month, it is expected to beging showing the full force of the shutdown of nationwide economic activity.

Sales taxes are a pillar of the Texas state budget, and the usually stable revenue source has taken a hit from the COVID-19 pandemic.

When lawmakers cast the final vote on the 2021 budget, they won’t have updated revenue projections but other states and industries do.

The sales tax that funded the Wisconsin stadium construction turns off this month.

After a record year of sales tax revenue, Texas continued to grow collections in the first month of 2020.