October 1, 1999
Nicole St. Peter
(617)626-2201

Revenue Commissioner Frederick A. Laskey today announced that revenue collections for the month of September totaled $1.52 billion, up $3.3 million or 0.2 percent from last September. Year-to-date revenue collections totaled $3.51 billion, up $67.8 million or 2.0 percent above last year. Collections for FY2000 are $85 million above the midpoint of the estimate range.

"Overall revenue collections, particularly income and sales taxes, continue to grow at a healthy rate, especially in light of the large tax cuts that reduced personal income tax withholding and estimated payments in September," said Laskey.

Income tax collections for September totaled $785.9 million, a decrease of $2.0 million or 0.2 percent when compared to September 1998. The small decrease is due to the phase in of several of the tax cuts. Withholding tax collections totaled $536.6 million, up $30.3 million or 6.0 percent. Sales and use tax collections totaled $275.4 million, up $29.5 million or 12.0 percent. Corporate collections totaled $223.5 million, up $37.4 million, or 20.1 percent.

Year-to-date revenue collections totaled $3.51 billion, up $67.8 million or 2.0 percent compared to last year at this time. Income tax collections totaled $1.91 billion, up $49.1 million or 2.6 percent. Withholding collections totaled $1.70 billion, up $89.1 million or 5.7 percent. Total sales and use tax collections totaled $865.8 million, up $61.9 million or 7.7 percent. Corporate collections totaled $244.4 million, up $6.0 million or 2.5 percent.

<strong>Monthly Revenue Report</strong> pdf format of september.pdf
(PDF) (through September 31, 1999)
September 1999 monthly revenue, fiscal year-to-date revenue and actual tax collections.

Recommended Content

People also viewed...

You recently viewed...

Personalization is OFF. Your personal browsing history at Mass.gov is not visible because your personalization is turned off. To view your history, turn your personalization on.

Learn more on our .

*Recommendations are based on site visitor traffic patterns and are not endorsements of that content.