What a (tax) difference a day makes
Avalara’s CommerceTracker is releasing its latest commerce trends, and we’ve got good news for U.S. states: Leap Day could bring in an extra $3 billion in sales tax revenue.
It turns out that 24 hours of commerce makes a big difference when it comes to state tax revenue. Our data shows that the last Leap Day (2012) brought in $2.8 billion in sales tax and states are on track to see even more money this year--another sign of a recovering economy.
Stay tuned for more interesting commerce trends in next week’s CommerceTracker report!
The 2021 sales tax changes report: midyear update
Your guide to navigating the complicated world of tax compliance and preparing for the future
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