The Indiana state tax collections monthly revenue report for May 2025 has been posted.
News release from the Indiana Governor’s Office:
Monthly Revenue Report – May 2025
Indianapolis, Indiana (June 13, 2025) – The monthly revenue report for May 2025 state tax collections is posted online.
The May 2025 Monthly Revenue Report for state fiscal year 2025 can be found here with commentary here.
Highlights from the commentary (from the report):
- General Fund revenues for May totaled $1,613.6 million, which is $23.2 million (1.5%) above the estimate based on the April 16, 2025 revenue forecast and $25.6 million (1.6%) above revenue in May 2024.
- Sales tax collections totaled $937.7 million for May, which is $70.1 million (8.1%) above the monthly estimate and $87.2 million (10.3%) above revenue in May 2024.
- Individual income tax collections totaled $539.9 million for May, which is $0.7 million (0.1%) above the monthly estimate but $9.1 million (1.7%) below revenue in May 2024.
- Corporate tax collections totaled $33.1 million for May, which is $26.9 million (44.8%) below the monthly estimate and $13.3 million (28.6%) below revenue in May 2024.
- Riverboat wagering tax collections totaled $39.0 million for May, which is $5.5 million (12.4%) below the monthly estimate and $2.5 million (6.0%) below revenue in May 2024.
- Racino wagering tax collections totaled $13.1 million for May, which is $1.0 million (7.9%) above the monthly estimate and $1.1 million (9.0%) above revenue in May 2024.
View the State of Indiana Monthly Revenue Report Archive here.
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