Fiscal Year Tax Collections: 2015-2016
Annual statistical report of New York State tax collections statistical summaries and historical tables fiscal year 2015-2016
This report contains a series of statistical tabulations detailing taxes administered by the New York State Department of Taxation and Finance. The information presented includes revenues and selected tax structure information for the state's major taxes. It also presents data for some locally imposed taxes.
This narrative presents information for New York State Fiscal Year (SFY) 2015-16 and some historical statistics. New York State's fiscal year is April 1–March 31.
During SFY 2015-2016, the Tax Department collected $71.6 billion from state-imposed taxes and fees as follows:
- personal income tax—$47.0 billion
- state sales tax plus excise and user taxes—$14.8 billion
- business taxes—$6.9 billion
- property transfer taxes—$2.6 billion
- other taxes and fees—$0.1 billion
This report is divided into seven sections containing 26 statistical tables. Section I presents State taxes and fees by major tax group. Sections II through VI contain detailed historical revenue information for the major categories presented in Section I. Where available, additional tax base information is presented. For example, Table 9 in Section III displays the amount of taxable gallons by product type for SFY 2015-2016 on which the petroleum business tax was imposed. Section VII contains local taxes collected by the Department. It also shows additional detailed information on local sales tax receipts, the city of New York and city of Yonkers personal income taxes and the regional Metropolitan Transportation Authority tax surcharge.
The Appendix summarizes the effective dates for New York’s major taxes. For a summary of New York State and Local General Sales and Compensating Use Tax Rates, please visit the Department's website at www.tax.ny.gov (Pub 718-A). Finally, the Description of Tax page provides a description for some of New York State’s major taxes.
For information useful in understanding and interpreting the data presented in this report, see the descriptive summaries of the taxes and discussion of recent tax legislation presented in the Tax Expenditure Report, which is prepared by the Office of Tax Policy Analysis (OTPA) in conjunction with the Division of the Budget, and OTPA's annual Summary of Tax Provisions, both of which are available at www.tax.ny.gov. Also, the Department's website provides descriptions of each tax. Finally, see the Governor's Executive Budget, specifically, the Economic and Revenue Overview, which is prepared by the Division of the Budget.
Note: This year's report is the first year that reflects the 2014 corporate tax reform legislation. First effective in the 2015 tax year, the impact of one of the key provisions - merging the bank and general corporate franchise taxes can be seen in the negative value for bank tax. Former bank tax taxpayers now pay under the general corporate franchise tax. The negative value in the bank tax is the result of settlement of prior period refund claims and the movement of unrequested overpayments from bank tax to the corporate franchise tax.
You can obtain statistics relating to Off-Track Betting Revenues by Regional Corporation and Pari-Mutuel and Racing Tax Collections in the New York State Gaming Associations annual report at www.gaming.ny.gov.
Tabular data presented in the publication may be obtained from the Department’s web site at www.tax.ny.gov. Questions, other inquiries and individual data table requests may be directed by electronic mail to: Policy-Statistical-Reports@tax.ny.gov.
Section III — New York State Corporation and Business Taxes
Table 5 New York State Corporation and Business Taxes—Fiscal Years 1987-2016
Table 6 Article 9 - Corporation and Utilities Tax Collections—Fiscal Years 1987-2016
Table 7 Bank Tax Collections by Type of Bank—Fiscal Years 1987-2016
Table 8 Petroleum Tax Collections—Fiscal Years 1987-2016
Table 9 Article 13-A Petroleum Business Tax, Taxable Gallons Type of Fuel—Fiscal Years 1992-2016
Section IV — New York State Sales and Compensating Use, Excise and User Taxes and Fee
Table 10 New York State Sales and Compensating Use, Excise and User Taxes and Fees—Fiscal Years 1987-2016
Table 11 Motor Fuel Tax - Net Collections and Taxable Gallons by Type of Fuel—Fiscal Years 1987-2016
Table 12 Alcoholic Beverage Tax Collections by Type—Fiscal Years 2006-2016
Table 13 Cigarette, Tobacco Products, Cigarette Retail License and Vending Machine Sticker Collections—Fiscal Years 1987-2016
Section VII — Local Taxes Collected by New York State
Table 20 Local Taxes Collected by the Department of Taxation and Finance—State Fiscal Years 1987-2016
Table 21 Local Taxes Collected by the Department of Taxation and Finance—State Fiscal Years 2015-2016
Table 22 Sales and Compensating Use Tax, State Collections and Local Tax Distributions—State Fiscal Year 2016
Table 23 Mortgage Tax Collections by County—State Fiscal Year 2016
Table 24 MTA Surcharge on Business Taxes by Tax Type—State Fiscal Years 1987-2016
Table 25 Components of City of New York Personal Income Tax Collections—State Fiscal Years 1987-2016
Table 26 Components of City of Yonkers Personal Income Tax Collections—State Fiscal Years 1987-2016
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