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.
Taxpayers
have about two weeks to complete their tax returns. So much of the state’s
General Fund depends on collections of the income tax. No wonder April tax
returns are of interest.
With just
three days of final numbers, refunds are exceeding payments, but this should
soon change. Preliminary numbers show a strong number for withholding for April
4 ($412m).
Updated figures
posted for yesterday, April 3 ($184m for PIT, 18.6m corp and 16.7m sales).
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