Tax Expenditure Budget


Fiscal Year 2020 Tax Expenditure Budget Summary (in Millions)

Tax Type

FY2016

FY2017

FY2018

FY2019

FY2020
Personal Income Tax 6,920.3 7,266.6 8,086.5 8,683.7 9,064.7
Corporate and Other Business Excise 1,980.2 1,982.6 2,037.4 2,092.3 2,167.3
Sales and Use Tax 4,588.2 4,715.1 4,960.0 5,111.9 5,270.0
Total13,488.7 13,964.3 15,083.9 15,887.9 16,502.0

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