Page 53 - FY 2021--22 Revenue Outlook
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Business Tax
Components of Business Tax Estimate
(Thousand Dollars)
2020-21 Revised
Revenue Base Changes (Non-Cannabis)
2020 Renewal Revenue 531,700
Economic Change -8.3% (43,800)
2021 Renewal Revenue (Non-Cannabis) 487,900
Revenue Base Changes (Cannabis)
2020 Renewal Revenue 79,700
Economic Change* 35.0% 27,800
2021 Renewal Revenue (Cannabis) 107,500
Other (Non-Base) Revenue
Tax Amnesty 19,000
Delayed Cash Handling Revenue 8,900
Non-Renewal and Other Revenue 53,600
2021 Other Changes from All Business Activity 81,500
2020-21 Revised Estimate 3.2% $676,900
2021-22 Proposed
Revenue Base Changes (Non-Cannabis)
2021 Renewal Revenue 487,900
Economic Change 4.7% 22,900
2022 Renewal Revenue (Non-Cannabis) 510,800
Revenue Base Changes (Cannabis)
2021 Renewal Revenue 107,500
Economic Change* 35.0% 37,600
2022 Renewal Revenue (Cannabis) 145,100
Other (Non-Base) Revenue
2022 Other Revenue from All Business Activity 52,700
2021-22 Proposed Estimate 4.7% $708,600
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