Bloomberg Tax
March 17, 2023, 3:40 PM

New York State’s Local Sales Tax Collections Jumped in February

Bloomberg Tax Automation
Bloomberg Tax Automation

New York state local sales tax collections experienced a 14.1% increase in February 2023 compared to the same month in 2022, according to the New York State Comptroller.

The local collections reached $1.6 billion and New York City’s collections totaled $718 million, an increase of 11.6% compared to February of 2022, the office announced Friday.

“While local sales tax collections continue to experience major growth in 2023, future collections may not grow at such a fast pace,” State Comptroller Thomas P. DiNapoli said.

Monthly sales tax collections are from the cash distributions made to counties as well as tax-imposing ...