Fiscal Year Tax Collections: 2016-2017
Annual statistical report of New York State tax collections statistical summaries and historical tables fiscal year 2016-2017
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 taxes, fees, and assessments imposed by other state agencies and for some locally imposed taxes that are collected by the department.
This narrative presents information for New York State fiscal year (SFY) 2016-17 and some historical statistics. New York State's fiscal year is April 1–March 31.
During SFY 2016-2017, the tax department collected $71.2 billion from state-imposed taxes and fees as follows:
- personal income tax—$47.6 billion
- state sales tax plus excise and user taxes—$15.2 billion
- business taxes—$6.0 billion
- property transfer taxes—$2.2 billion
- other taxes and fees—$0.2 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 2016-2017 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.
This year's report is the second year that reflects the 2014 corporate tax reform legislation which merged the bank and general corporate franchise taxes and was first effective in the 2015 tax year. The negative value for bank tax in FY2016 is the result of settlement of prior period refund claims and the movement of unrequested overpayments from bank tax to the corporate franchise tax. The return to a positive value in FY2017 is predominantly the result of prior period audits settling during the fiscal year.
The appendix summarizes the effective dates for New York’s major taxes. For additional information and a summary, please see Publication 718-A, New York State and Local General Sales and Compensating Use Tax Rates on the department's numerical listing by publication number web page. Finally, the Description of Major Taxes page provides a description for many of New York State’s taxes.
Tabular data presented in the report may also be obtained from the department’s collections, policy and statistical reports web page. Questions, other inquiries and individual data table requests may be directed by electronic mail to: Policy-Statistical-Reports@tax.ny.gov.
Complete reports may be downloaded in Adobe Acrobat pdf format. Statistical tables are available for download as a Microsoft Excel xls spreadsheet file. To view and print pdf reports, you need an installed copy of the Adobe Acrobat Reader -- which is available for free.