- 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.

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