States Income-Tax Revenue Reaches Post-Recession Peak
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U.S. state income-tax collections rose the most since the recession in the three months ending in June, the Nelson A. Rockefeller Institute of Government said.
A tax increase in California spurred much of the growth, which would have been 15 percent without the Golden State, the Albany, New York-based public-policy research unit of the State University of New York said yesterday in a report. It also cited taxpayers shifting income to 2012 to avoid 2013’s higher rates.