Des Moines, Iowa — State sales tax revenue for the month of July fell significantly. Jeff Robinson of the Legislative Services Agency says the 101-million dollar drop may be because consumer spending was so high in July of 2021.
Quarterly sales tax AND income tax payments to the state were due July 31st. Robinson says total state tax collections for the month of July declined.
The Iowa Department of Revenue created a new account last November that initially holds all payments to the state — including state fuels taxes that must be separated and deposited in the Road Use Tax Fund. That accounting change makes month-to-month comparisons difficult until taxes are separated into categories.
