Posts tagged: tax receipts
Figures released Thursday by the state Department of Revenue showed that taxes from retail sales, which make up nearly half of the $109 billion in taxable sales, rose about 5.3 percent. Mike Gowrylow, a department spokesman, said the drop in consumer-driven retail sales tax revenue bottomed out in 2011 and showed increases in all quarters of 2012. But “it’s not like a big boom,” he added.
Total sales were still well below the nearly $119 billion collected in 2007.
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