State tax collections down 27% in April - The Business Journal of Milwaukee:

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percent in April, with the most significantg drop seen in individualk incometax collections, according to figures releasec by the state . The agench said in a release May 15 that total adjustedx general purpose revenue taxes collectec in April droppedto $977.7 million from $1.3t billion the year before. Individuak income taxes, which recordedc the largest drop in total declined 35.5 percent to $586.6 million from $908.9 million a year ago. Adjusted totals includre any adjustments made to April 2008 tax Adjusted sales and general use taxes in April weredown 7.3 percenrt to $311.9 million in down from $336.5 million last April. Corporatiomn franchise and income taxesdeclined 6.
8 percent to $36. 1 million from $38.8 million. The largesg percentage drop occurred inthe category, which includes utility and real estate transfer fee collections. Accordingy to the Revenue Department, because of the phase-out of the largest componeny -- the estate tax -- it returnedc nearly $3.2 million in taxesz in April, resulting in a decline that was greater than 100 Last April, other tax collectionxs totaled $14.2 million. For the year to adjusted tax collections weredown 7.2 percent at $9.078 billion, compared with $9.
78 billion the year