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US State Tax Revenues Rise in Q3, but Boost Seen as Temporary

from Reuters

U.S. state government tax revenues rose 3.1 percent in the third quarter of 2017, boosted by high-income taxpayers prepaying portions of their state and local taxes in anticipation of the new tax law. The rise in total collected taxes exceeded the average quarterly growth rate of 2.1 percent for the previous four quarters, according to the report by the Rockefeller Institute of Government. more

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