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States Return to Peak Tax-Revenue Collections, Study Says

Half of all U.S. states have returned to peak tax-collection levels last seen before the recession five years ago, or will soon, according to a survey by the National Conference of State Legislatures.

Twelve states project their personal income-tax collections will exceed what they budgeted for the current fiscal year, while 15 states say they will come in on target, the NCLS said. Collections of sales levies also are expected to exceed or meet estimates in 28 states.