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Fiscal year tax collections: 2024-2025

Annual statistical report of New York State tax collections statistical summaries and historical tables Fiscal Year 2024-2025

This edition presents information for New York State Fiscal Year 2024-2025 (SFY 2024-2025) which began April 1, 2024 and ended March 31, 2025.

During SFY 2024-2025, the tax department collected $114.1 billion from state-imposed taxes and fees as follows:

  • personal income tax—$61.2 billion
  • state sales tax plus excise and user taxes—$21.1 billion
  • business taxes—$29.0 billion
  • property transfer taxes—$2.6 billion
  • other taxes and fees—$0.2 billion

Note: The 2024-25 fiscal year report includes five years of history. For fiscal year data on collections for years prior to 2020-21 please see earlier fiscal year reports.

Information

Updated: