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  • This page, Determination of Whether Net State Tax Revenues Exceeded Allowable State Tax Revenues FY2023 – Exhibit I, is   offered by
  • Office of the State Auditor

Determination of Whether Net State Tax Revenues Exceeded Allowable State Tax Revenues FY2023 – Exhibit I

Calculation to Determine Whether Net State Tax Revenues Exceeded Allowable State Tax Revenues for the Fiscal Year Ended June 30, 2023
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Allowable State Tax Revenues for the Fiscal Year Ended June 30, 2023*†$41,160,988,265
Less: 
Net State Tax Revenues for the Fiscal Year Ended June 30, 2023‡ꭥ$36,924,461,252
Amount Net State Tax Revenues are Below Allowable State Tax Revenues for the Fiscal Year Ended June 30, 2023£$4,236,527,013

* See Exhibit V.

† Allowable state tax revenues are an amount equal to the computed maximum state tax revenues for any fiscal year. ‡ See Exhibit II.

ꭥ Net state tax revenues are state tax revenues as decreased by the amount of state tax revenues abated or refunded.

£ Net state tax revenues under allowable state tax revenues are the amount by which net state tax revenues for a fiscal year are under the allowable state tax revenues for said fiscal year.

Date published: September 19, 2023

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