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.

Tuesday, April 8, 2014

California Consumers Out Shopping

Although the Passover and Easter holidays are a week and two weeks away, respectively, Californians are shopping and adding to California’s tax collections.  Retail sales tax collections for April 7 and 8, which also included the weekend, totaled $26.5 million.  This dwarfed the $11.2 million received a year ago, when Easter and Passover occurred at the end of March.  Typically, retail sales tax receipts -- excluding major consumer durable goods -- account for about one-third of sales tax collections.

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