- Associated Press - Tuesday, May 5, 2015

BOSTON (AP) - Massachusetts collected more than $3 billion in taxes in April, a jump of $324 million - or nearly 12 percent - compared with last April.

The revenues were $29 million above estimates for the month and $163 million above estimates so far this fiscal year, which ends June 30.

Income tax collections were up $294 million over last April while corporate and business taxes fell $11 million compared to last April.

Department of Revenue Commissioner Mark Nunnelly said the better-than-expected performance was due to greater-than-anticipated income estimated payments and lower-than-expected refunds.

April is generally the largest tax collection month.

Nunnelly said with two months remaining in the fiscal year, revenue collections for the state totaled $20.4 billion - $1.2 billion or 6.2 percent more than last year at this time.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide