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Updated: 5:38 AM Jul 3, 2009
Ala. tax collections down 6 percent for 3 quarters
The Alabama Department of Revenue reports that state tax collections declined 6 percent during the first nine months of Alabama's fiscal year.
Posted: 5:35 AM Jul 3, 2009Reporter: Associated Press |
unclaimed money.
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MONTGOMERY, Ala. (AP) - The Alabama Department of Revenue
reports that state tax collections declined 6 percent during the
first nine months of Alabama's fiscal year.
A report released Wednesday says the recession caused state
sales tax collections to drop 9 percent.
Personal income tax collections are down more than 8 percent, and corporate income tax collections have fallen more than 11 percent.
One bright spot in the report is the state's tax on cellular phones.
It's up nearly 7 percent due to increased usage.
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