[April 01, 2020]

KBRA Releases Research - Coronavirus (COVID-19): States Delay Income Tax Collections-Can They Afford It?

Kroll Bond Rating Agency (KBRA) releases a research report that analyzes the effect of states delaying income tax collections in response to the COVID-19 pandemic. KBRA has examined the historical monthly receipts of income taxes for select states and compared them to their respective budgetary reserves. Generally, the fiscal impact of these policies is modest, although it does vary. In general, the amount delayed is not a large proportion of the overall expense budget, but it can represent a liquidity challenge.

Click here to view the report.

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KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) with the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA. Kroll Bond Rating Agency Europe Limited is located at 6-8 College Green, Dublin 2, Ireland.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200401005501/en/

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