Income Tax Collections Plummet in California and New York (3)

State lawmakers are adding their voices to calls for federal support to help weather the crisis. Here’s the latest on shifting state tax guidelines, deadlines, and policy to deal with the coronavirus pandemic. For Thursday’s coverage click here. Here’s a state-by-state roadmap.

California’s April 16 income tax revenue plunged by 87% compared to the same day in 2019, according to the Franchise Tax Board.

Daily income tax payments totaled $614 million, Chris Smith, a spokesman for the board, said Friday. That was down from the $4.7 billion collected one year ago.

Tax payments have slowed ...