California State Controller John Chiang offers this daily tax tracker to follow personal income taxes, sales and use taxes and corporate taxes -- the three major sources of revenue for the State.

The site will be updated regularly throughout each business day. Preliminary posts use dollar figures from tax administration agencies, while the following day the Controller will post reconciled (actual cash) figures. The latest figures are always available via direct download. Preliminary sales tax figures, along with personal income tax withholdings will be available by 10:30 a.m., followed by total personal income and corporate tax receipts, along with final sales tax numbers between 1:30 and 4:00 p.m. the same business day.

The chart on the right of this screen tracks the cumulative total of income, sales and corporate tax and compares it against estimated benchmarks for the month.

Thursday, April 3, 2014

More on corporate tax receipts and trends

The state has collected $75.9 million in corporate taxes in the first few days of April, with today’s revenues expected to bring the month-to-date total to $86 million, $78.7 million ahead of projections.  Actual corporate revenues through the year to April 2nd are also ahead of projections, continuing the trend of a strong start to month of April.

The first ten working days of April typically provide little predictive information about how much taxpayers will file when their taxes come due.   Last year, for example, the Franchise Tax Board reported that 60 percent of the entire income tax collected in April during a four-day period starting April 15.

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