000			01928nab a2200289 c 4500
999			_c142976 _d142976
003			ES-MaIEF
005			20201014103414.0
007			ta
008			201014t2020 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_954345 _aClemens, Jeffrey P.
245		0	_aImplications of the COVID-19 pandemic for state Government tax revenues _c Jeffrey Clemens and Stan Veuger
260			_c2020
500			_aResumen.
504			_aBibliografía.
520			_aWe assess the COVID-19 pandemic's implications for state government sales and income tax revenues. We estimate that the economic declines implied by recent forecasts from the Congressional Budget Office will lead to a shortfall of roughly $106 billion in state sales and income tax revenues for the third quarter of 2020 through the second quarter of 2021 (the 2021 fiscal year for most states). This is equivalent to 0.5 percent of gross domestic product and 11.5 percent of our pre-COVID sales and income tax projection. Additional tax shortfalls from the second quarter of 2020 (the final quarter of most states 2020 fiscal years) may amount to roughly $42 billion. We discuss how these revenue declines fit into several pieces of the broader economic context. These include other revenues (e.g., university tuition and fees) that are also at risk, as well as spending needs necessitated by the public health crisis itself. Further dimensions of context involve fiscal support enacted through several pieces of federal legislation.
650			_aPANDEMIAS _967998
650			_aCORONAVIRUS _967999
650			_aIMPUESTOS _947460
650		4	_948197 _aRECAUDACION
650		4	_947378 _aINGRESOS FISCALES
650		4	_aESTADOS UNIDOS _942888
700	1		_967565 _aVeuger, Stan
773	0		_9163516 _oOP 233/2020/3 _tNational Tax Journal _w(IEF)86491 _x 0028-0283 _gv. 73, n. 3, September 2020, p. 619-644
942			_cART