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来源类型 | Research Report |
规范类型 | 报告 |
State Tax and Economic Review, 2019 Quarter 3 | |
其他题名 | Are State Tax Revenues Back to Normal Growth or Showing Early Signs of Economic Slowdown? |
Lucy Dadayan | |
发表日期 | 2020-02-24 |
出版年 | 2020 |
语种 | 英语 |
概述 | State and local government tax revenues showed normal growth in the third quarter of 2019 after declines in the fourth quarter of 2018, much weaker growth in the first quarter of 2019, and robust growth in the second quarter of 2019. Most of the volatility in the prior quarters was attributable to the TCJA. Preliminary data for the fourth quarter of 2019 indicate continued growth in overall state tax revenue |
摘要 | State and local government tax revenues showed normal growth in the third quarter of 2019 after declines in the fourth quarter of 2018, much weaker growth in the first quarter of 2019, and robust growth in the second quarter of 2019. Most of the volatility in the prior quarters was attributable to the TCJA. Preliminary data for the fourth quarter of 2019 indicate continued growth in overall state tax revenue collections. However, growth is more in line with historical averages, mostly because the TCJA’s impact has waned. Economic factors driving revenue growth were all positive in the third quarter of 2019. However, our analysis of longer-term trends indicates that some economic factors, such as house prices or spending on durable and nondurable goods, seem to have weakened in recent months. But it is hard to say when the next recession may occur and how severe it might be. Gain access to the underlying data in this report here. |
主题 | State and local issues ; Individual taxes ; Business taxes ; Taxes and Budget |
URL | https://www.urban.org/research/publication/state-tax-and-economic-review-2019-quarter-3 |
来源智库 | Urban Institute (United States) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/480912 |
推荐引用方式 GB/T 7714 | Lucy Dadayan. State Tax and Economic Review, 2019 Quarter 3. 2020. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
State_Tax_and_Econom(1013KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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