UPDATE 1-U.S. state, local government tax revenues down 0.6 pct to $338 bln in Q2
(Adds additional tax collection data)
SAN FRANCISCO, Sept 20 (Reuters) - U.S. state and local government tax revenues decreased to $338.2 billion in the second quarter of 2016, a decline of 0.6 percent versus the same period a year ago, according to data from the U.S. Census Bureau published on Tuesday.
Property tax collections grew 4.2 percent to $99.4 billion from $95.4 billion collected in the same quarter of 2015.
The data examines the four largest state and local government tax categories: property, sales, individual income and corporate income taxes.
General sales tax revenue remained relatively flat, up 0.3 percent to $100.7 billion from $100.3 billion in the same quarter of 2015.
Individual income tax collections declined to $119.3 billion, down 3.0 percent from a year ago.
Corporate net income tax revenue declined for a third straight quarter, to $18.9 billion, down 12.8 percent from a year ago.
Total state tax revenue decreased 2.5 percent to $271.0 billion from $277.9 billion in the second quarter of last year. Most state tax revenue derives from individual income, sales and gross receipts.
To review the census data click on: www.census.gov/govs/qtax (Reporting by Robin Respaut; Editing by Chizu Nomiyama and Phil Berlowitz)
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