Florida tax revenue falls 8.6% in Q3 - South Florida Business Journal:
Tax revenue across the country declined for the fourth consecutive quarter, according to a preliminary report issued Monday by the
Rockefeller Institute of Government.
In Florida, tax revenue fell 8.6 percent in the July-through-September period.
Sales taxes in the Sunshine State fell 8.1 percent.
For the 44 states reporting third quarter results, overall tax revenue declined 10.7 percent, year-over-year. The most significant drop was in the corporate income tax category, which fell 19.4 percent.
In Florida, the corporate income tax fell 11 percent.
Nationwide, personal income taxes fell 11.4 percent and sales taxes fell 8.2 percent.
The institute said it will issue a complete report on the third quarter in several weeks, when final U.S. Census data becomes available. It will also issue a further outlook on the remainder this year and for 2010.
Click here to read the full report.