Avalara > Blog > Avalara Commercetracker > What a (tax) difference a day makes - Avalara

What a (tax) difference a day makes

  • Feb 29, 2016 | Avalara

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!

Sales tax rates, rules, and regulations change frequently. Although we hope you'll find this information helpful, this blog is for informational purposes only and does not provide legal or tax advice.
Avalara helps businesses of all sizes get tax compliance right. In partnership with leading ERP, accounting, ecommerce, and other financial management system providers, Avalara delivers cloud-based compliance solutions for various transaction taxes, including sales and use, VAT, GST, excise, communications, lodging, and other indirect tax types. Headquartered in Seattle, Avalara has offices across the U.S. and around the world in Brazil, Europe, and India.