Contact Us
Make My Homepage

Massachusetts Collects $1.6 Billion In Taxes During July

calculator taxes
Peter Dazely / Getty Images

Massachusetts tax collections for July totaled nearly $1.6 billion, starting off the new fiscal year modestly ahead of expectations.

Revenue Commissioner Amy Pitter says the preliminary revenue number is about $12 million, or just under 1 percent, more than the state took in during July last year.

Pitter said total tax collections for the month were also $11 million above the monthly estimate based on the fiscal year 2015 revenue estimate of $24.4 billion.

She said the July surplus was mainly due to corporate and business tax payments, which came in better than expected, offsetting lower collections in estate tax and income tax payments with bills and returns.

Pitter said July is typically a small tax collection month with no quarterly estimated payments due for most businesses and individuals.

[Associated Press]

Best of WBSM

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://wbsm.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Register on WBSM - New Bedford's Local Source For News, Talk, and Sports! quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a member? Sign up here

Register on WBSM - New Bedford's Local Source For News, Talk, and Sports! quickly by logging in with your Facebook account. It's just as secure, and no password to remember!