Corporate tax collections continue to drop

[TexasTowelie]

INDIANAPOLIS — State corporate tax collections are continuing to fall below their monthly estimate for the ninth time out of the past 10 months.

The State Budget Agency this week reported that corporate tax collections totaled $220.5 million in April, which were $9 million below the estimate and $43.3 million below revenue for April 2017.

Year-to-date corporate tax collections totaled $430.9 million, which is $112.2 million below the December 2017 revised revenue forecast and $286.4 million below collections through the same period in the 2017 fiscal year.

General fund revenues, sales tax collections and individual income tax collections all totaled above their estimates.

Read more: http://thestatehousefile.com/corporate-tax-collections-continue-drop/35575/

[magicarpet]

1. Corporations are people....

.... Money equals 1st amendment rights.
The rich and wealthy have more voice and hold more sway over our political systems.

Feudalism was not really all such a bad thing. The expectation is it will be so much better the second time around.

Could you pass the porridge and gruel to another unwashed brethren - if you would be so kind.

[Bob Loblaw]

2. The governor will probably

call for a special session of the overwhelmingly republican legislature to come in and do one or both of the only things that they know how to do in the belief that it will work to stem the tide. Cut corporate taxes or cut education.