• Midyear 2023 State and Local Sales Tax Rates

    Midyear 2023 State and Local Sales Tax Rates

    Retail sales taxes account for 32% of state tax collections, 13% of municipal tax collections, and 24% of all tax collections, making them a crucial component of most states' revenue strategies. Additionally, since they generate fewer economic distortions than the individual income tax, the other significant state tax, they are more pro-growth.