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20 states with the biggest changes in gross collections in 2022

July 12, 2023
in Accounting
Reading Time: 1 min read
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20 states with the biggest changes in gross collections in 2022
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Enjoy complimentary access to top ideas and insights — selected by our editors.

State tax revenue has been a major issue over the past few years, with collections whipsawing from highs to lows thanks to the pandemic, economic uncertainty and many other factors.

Over two-fifths of states saw double-digit jumps in revenue in 2022, according to the latest IRS data, with the top five states boasting an average increase in gross collections of 33.61% in 2022. The combined total revenue collections in these states was more than $185 billion.

Scroll through to see which states were in the top 20 in terms of tax revenue jumps and how they fared.

Source: IRS Data Books 2022 and 2021

Credit: Source link

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