Sunday, November 29, 2015         

 Print   Email   Comment | View 0 Comments   Most Popular   Save   Post   Retweet

State tax collections down 2.1 percent

By Star-Advertiser Staff

LAST UPDATED: 7:17 p.m. HST, Mar 4, 2011

State tax collections are down 2.1 percent through the first seven months of the fiscal year — a figure heavily influenced by Gov. Linda Lingle's decision to delay state income tax refunds last year.

When the delayed tax refunds are factored out, the state Department of Taxation said state revenues would have increased 5.6 percent so far compared to last fiscal year.

The state Council on Revenues has projected 3 percent revenue growth for the fiscal year that ends in June.

General excise tax and use tax revenues — the largest single category of collections — are up 7.6 percent. Hotel room taxes are up 22.9 percent. Individual income taxes are down 19.8 percent. And corporate income taxes are down 277.3 percent.

 Print   Email   Comment | View 0 Comments   Most Popular   Save   Post   Retweet

You must be subscribed to participate in discussions