The State Personal Income Tax Recovers: A Snapshot of Recent Trends

The Rockefeller Institute of Government has released "The State Personal Income Tax Recovers," State Fiscal News Vol. 4, No. 4. After two years of decline, state personal income tax revenue grew by 6.4 percent in the January-March 2004 quarter. This growth is found in all components of the PIT, including withholding and estimated payments. Final payments with April returns also appear to be strong.