Different Recoveries for Different Tax Revenue

Income Tax: most significant shortfalls in income-tax during the months ahead, & uptrending receipts for 2021

Sales Tax: Local-source sales taxes from malls and regional brick-and-mortar stores will be hardest-hit. Internet sales will bolster receipts. Normal levels mid 2021.

Property Taxes: The most stable of taxes. Impact will be felt in commercial sector. Vacancies may not refill until 2022.

Transit Taxes: Won’t recover until the pandemic allows for travel or “or Americans finally adjust culturally and apolitically to Asian-style mask-wearing.”

Whose analysis: GIRARD MILLER, FINANCE COLUMNIST

Governing | Yahoo Finance | When Will Tax Revenues Rebound? It Depends on the Tax.