February state tax receipts provide a mixed message, with net inidividual and corporate tax receipts below forecast, but net sales tax revenues above forecast
February state tax receipts provide a mixed message, with net inidividual and corporate tax receipts below forecast, but net sales tax revenues above forecast.
State Tax Commissioner Doug Ewald doesn't seem too worried about net individual income tax receipts coming in one-and-a-half percent below the forecast. He chaulks it up to tax season.
State Tax Commissioner Doug Ewald; "some of that"
Net corporate income tax receipts came in well below forecast...more than 63-percent below...but makes up a much smaller portion of state revenue.
Net sales tax receipts, though, came in nearly 5-percent above the forecast.
State Tax Commissioner Doug Ewald doesn't express much worry, though state income tax receipts have slowed down of late, dropping below forecast in February.
Net individual income tax receipts fell one-and-a-half percent below forecast, with corporate income tax falling off 63-percent.
Ewald acknowledges that tax receipts, robust for a while, have dropped off a bit. . .
Ewald; "this fiscal year"
Sales tax receipts in February, though, came in nearly 5-percent higher than forecast.
Income tax receipts might have been off forecast, but sales tax receipts came in strong last month.
The February tax receipt report discloses that net individual income tax receipts came in 1-and-a-half percent below the forecast with corporate income tax receipts well off the mark.
Still, State Tax Commissioner Doug Ewald is encouraged by net sales tax receipts that came in nearly 5-percent above the forecast in February. . .
Ewald; "month of February"
Ewald says income tax receipts likely came in below forecast due to variances in getting out tax refunds.
(image courtesy of stock.xchng)
(courtesy of Nebraska Radio Network)
