LANSING – Overall government tax collections for the 50 states increased $62.1 billion to $763.7 billion in 2011, according to data released Thursday by the U.S. Census Bureau.
Corporate net income tax revenue came to $40.2 billion last year, up 9.4 percent. Tax revenue on individual income amounted to $259.1 billion, up 9.8 percent, and general sales tax revenue increased more than 8 percent to $240.9 billion.
Michigan contributed the most in the Midwest in general sales and gross receipts last year, accounting for approximately $9.48 billion, up 2.4 percent from 2010 – the second-lowest increase among Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Nebraska, North and South Dakota, Ohio and Wisconsin.
Nationally, North Dakota, Illinois, Arizona and Indiana saw the largest percent increase in revenue from individual income taxes. Michigan reported a 16.4 percent increase in individual income tax collections to almost $6.4 billion, hitting just short of the middle of the road in the Midwest.
The report comes from the 2011 Annual Survey of State Government Tax Collections, which contains annual statistics on the fiscal year tax collections of all 50 states, including receipts from licenses and compulsory fees.
“The nationwide increases in state government tax revenue are an indication of the stabilization of revenues for state governments,” Lisa Blumerman, chief of the Governments Division, said in a statement. “These data help us understand the condition of our state governments and their fiscal ability to continue to provide public services.”
All 50 states saw an increase in total tax revenue last year, led by North Dakota (44.5 percent), Alaska (22.4 percent), California (17.4 percent) and Illinois (15.3 percent).
California, Alaska, North Dakota and Kentucky had the largest percent increase in motor fuels tax revenue.
The West saw the largest increases in severance taxes, or taxes collected for the removal or harvesting of natural resources. Overall, the bureau noted an increase of $3.5 billion for severance taxes, which followed a 16.4 percent decrease in 2010.
Revenue from taxes imposed on insurance companies and measured by gross or adjusted gross premiums increased 3.8 percent to $593.8 million following a 5.3 percent increase in 2010.
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