2nd Quarter 2021 Local Sales Taxes Surge 49.2 Percent; Strong Even Compared to Pre-Pandemic Period

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Local sales tax collections in New York State grew by 49.2 percent, or just over $1.6 billion, in the second quarter of 2021 compared to the same period last year, a dramatic increase from last year’s weak collections during the first wave of the COVID-19 pandemic. Even so, when compared to pre-pandemic levels, the second quarter of 2021 was still strong – up 8.7 percent, or $396 million, above the same period in 2019. In addition, the first full "sales tax year" for which both the State’s economic nexus policy and marketplace provision were in effect generated an estimated $686 million in local sales tax revenue from March 2020 through February 2021. Of that total, $431 million was from sales made outside of New York City and $255 million by sales made inside the City. | Regional Table [.xlsx]