Sales and Use Tax is mixed for the four largest states in the U.S. In California, sales tax collections for the last 12 months is down 3.54% compared to a 12 month period ending a year ago. Florida is down 5.76%. Both California and Florida are in a recession. Texas continues to show strong growth and is up 6.63%. New York is also growing at a pace of 2.67%. The composite of all 4 weighted for GDP contribution is flat at a -0.09%. Together these 4 states account for about a third of U.S. GDP.
Sales and Use tax revenue has stalled. Even in Florida and California, the acceleration downward has leveled off. We appear to be in a wait and see mode.
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Despite opposition from everyone from animal lovers to golfers, Gov. Arnold Schwarzenegger's proposal to expand the state's sales tax to cover a number of services is a sound idea. The tax increase is expected to raise $8 billion dollars a year.
http://www.caivp.org/article/tax-reform/2009/2/11/expand-sales-tax
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