Massachusetts Tax Collections Soar Past Benchmarks in December - NECN


The latest news from around the state

Massachusetts Tax Collections Soar Past Benchmarks in December



    Real Estate Deals

    Massachusetts collected more than $3 billion in tax revenue in December, more than 21 percent higher than estimated.

    State Department of Revenue Commissioner Christopher Harding said in a statement that the preliminary numbers announced Thursday were $527 million more than monthly benchmarks and almost 21 percent more than was collected in December 2016.

    For the fiscal year-to-date through December, revenue collections totaled almost $13 billion, which is $728 million or 6 percent more than the year-to-date benchmark and $966 million more than the same period the previous fiscal year.

    The high numbers were driven by surges in income tax estimated payments and income tax collections. Sales tax and corporate tax collections also beat benchmarks.

    Survivor of Santa Fe HS Shooting: 'I Was Scared for My Life'

    [NATL] Survivor of Santa Fe High School Shooting: 'I Was Scared for My Life'

    Dakota Shrader, a student from Santa Fe High School, describes what happened when shots were fired during her morning history class. Multiple people died during the shooting.

    (Published Friday, May 18, 2018)

    December is generally one of the better tax collection months.

    Get the latest from necn anywhere, anytime

    • Download the App

      Available for IOS and Android