September 4, 2001
Tim Connolly
(617) 626-2369

Nicole St. Peter
(617) 626-4058

Acting Revenue Commissioner Bernard F. Crowley Jr. today announced that revenue collections for the month of August totaled $1.11 billion, down $35 million or 3.1 percent from August 2000, bringing year-to-date revenue collections to $2.14 billion, down $73 million or 3.3 percent from last year.

"Caution is the word," Crowley said. "For the second month in a row we've seen revenues dip below collections for same time period last year. September will be a particularly important month for tax collections because income and business tax quarterly payments are due."

Income tax collections for August totaled $627 million, a decrease of $67 million or 9.7 percent. Withholding tax collections totaled $623 million, down $57 million or 8.4 percent. Sales and use tax collections totaled $328 million, up $25 million or 8.1 percent. Corporate tax collections were $1 million, a decrease of $5 million or 76.8 percent. Year-to-date income tax collections totaled $1.18 billion, down $95 million or 7.5 percent. Income withholding collections totaled $1.16 billion, a decrease of $94 million or 7.5 percent. Total sales and use tax collections were $656 million, up $16 million or 2.4 percent. Corporate collections totaled $17 million, down $5 million or 21.2 percent.

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.