State Sales Tax Revenue Rises 1% YoY in August

Sales tax revenue increased 1% to $29.9 billion in August from the same month in 2022, according to U.S. Census Bureau data for 28 states compiled by Bloomberg. Georgia rose the most, up 13.2%, and Iowa fell the most, down 10.4%.

• General sales and gross tax receipts fell 0.1% to $25.3 billion and accounted for 84.5% of sales tax receipts (24 states)
• Motor fuel tax receipts rose 14% to $3.07 billion and accounted for 10.3% (22 states)
• Tobacco tax receipts decreased 3.7% to $819.4 million (22 states)
• Alcoholic beverages tax receipts fell 4.5% to $443.3 million (23 states)
• Lodging tax ...