- Associated Press - Thursday, November 5, 2015

BOSTON (AP) - Massachusetts took in more than $1.6 billion in tax collections last month.

That’s about $46 million - or 2.9 percent - more than last October,

Four months into the 2016 fiscal year, state revenue totals more than $7.6 billion. That’s $304 million - or 4.2 percent - more than last year at this time and $126 million higher than expectations.

Income collections were $64 million above the monthly benchmark last month and withholding collections were $14 million below the October benchmark.

Corporate and business taxes met monthly expectations, while sales and use tax collections were $13 million above the monthly benchmark.

Revenue Commissioner Mark Nunnelly said collections are relatively low in October with no quarterly estimated tax payments due for individual taxpayers or most corporations.


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