Overview
| Type of State Tax Collected (by Agency) | Gross State Tax Revenues | Refunds and Abatements | Net State Tax Revenues |
|---|---|---|---|
| Department of Revenue (DOR) | |||
| Alcoholic Beverages | $ 97,691,161 | $ 133,416 | $ 97,557,745 |
| Financial Institutions | 20,420,813 | 3,741,593 | 16,679,220 |
| Cigarettes* | 340,213,415 | 656,883 | 339,556,532 |
| Corporations | 4,747,588,314 | 518,599,798ꭥ | 4,228,988,516 |
| Deeds† | 213,574,369 | 88,790 | 213,485,579 |
| Estate and Inheritance | 651,384,703 | 77,186,923 | 574,197,780 |
| Income*§ | 26,966,233,893 | 2,812,828,973ꭥ | 24,153,404,920 |
| Insurance | 631,117,909 | 43,228,170 | 587,889,739 |
| Motor Fuels and International Fuel Tax Agreement | 714,273,815 | 1,047,156 | 713,226,659 |
| Public Utilities | (570,000) | 0 | (570,000) |
| Room Occupancy | 420,733,809 | 7,484,381‡ | 413,249,428 |
| Sales and Use ‡ | 9,604,322,881 | 207,075,967 | 9,397,246,914 |
| Club Alcoholic Beverages | 869,953 | 7,085 | 862,868 |
| Motor Vehicle Excise | 714,195 | 28,978 | 685,217 |
| Convention Center Surcharges | 16,381,047 | 0 | 16,381,047 |
| Community Preservation Trust† | 42,809,979 | 0 | 42,809,979 |
| Controlled Substances and Marijuana Excise | 173,742,923 | 0 | 173,742,923 |
| Satellite | 4,719,921 | 0 | 4,719,921 |
| Statewide Car Rental | 5,410,189 | 1,157 | 5,409,032 |
| Electronic Nicotine Delivery System | 14,780,681 | 4,802 | 14,775,879 |
| Subtotal (DOR) | $ 44,666,413,970 | $ 3,672,114,072 | $ 40,994,299,898 |
| Massachusetts Gaming Commission: | |||
| Pari-Mutuel Taxes | 891,623 | 0 | 891,623 |
| Gaming Revenue Tax | 320,921,934 | 0 | 320,921,934 |
| Sport Wagering | 119,418,578 | 0 | 119,418,578 |
| Lottery Commission: | |||
| Beano | 444,881 | 0 | 444,881 |
| Raffles and Bazaars | 982,898 | 0 | 982,898 |
| State Athletic Commission: | |||
| Boxing Contests | 424,328 | 0 | 424,328 |
| Boxer’s Fund | 87,492 | 0 | 87,492 |
| Division of Insurance: | |||
| Excess and Surplus Lines Insurance | 104,131,209 | 0 | 104,131,209 |
| Secretary of State | |||
| Deeds Excise Stamp Tax Fees† | 89,981,411 | 0 | 89,981,411 |
| Department of Unemployment Assistance: | |||
| Workforce Training Contribution | 26,369,413 | 0 | 26,369,413 |
| Subtotal (Other Agencies) | $663,653,767 | $ 0 | $663,653,767 |
| Total DOR and Other Agencies Revenue Before Adjustments | $45,330,067,737 | $3,672,114,072 | $41,657,953,665 |
| Adjustments | |||
| Addition: Community Preservation Trust† | 1,493,096 | 0 | 1,493,096 |
| Less: Deed Excise Tax† | (2,837,208) | (2,837,208) | |
| Less: Surtax Revenues§ | (2,199,330,240) | 0 | (2,199,330,240) |
| Total (DOR and Other Agencies) | $43,129,393,385 | $3,672,114,072 | $39,457,279,313 |
* This includes income tax penalties assessed under Section 2 of Chapter 111M of the Massachusetts General Laws (totaling $41,111,743) and cigarette excise revenue assessed in accordance with Sections 12 and 70 of Chapter 302 of the Acts of 2008 (totaling $69,871,069) credited to the Commonwealth Care Trust Fund. Fiscal year 2024 tax revenues credited to the fund totaled $110,982,812.
† Adjustments were made to the individual line items on Ehibit VI that pertain to the following under/overreported revenues: DOR deeds excise tax, totaling ($2,837,208); DOR Community Preservation Fund surcharges, totaling $1,493,096; Land Court Fees (non–Chapter 62F revenue fund), totaling $1,344,112.
‡ This includes sales, meals, and room occupancy taxes, as well as service fees for the City of Worcester Digital Federal Credit Union Arena and Convention Center Capital Improvement Fund. This includes the Office of the Comptroller of the Commonwealth’s adjustment to refunds and abatements in the amount of $5,462.
ꭥ This includes the amount refunded to taxpayers: $4,533,037 in income taxes and $1,147 in corporation taxes, totaling $4,534,184.
§ Pursuant to Section 17 of Chapter 28 of the Acts of 2023, the 4% income surtax revenues are not subject to the allowable state tax revenue limitations established by Chapter 62F. DOR estimated the 4% income surtax revenues to be excluded from fiscal year 2024 net state tax revenues to be $2.199 billion. This adjustment is reflected in Exhibit VI.
| Date published: | September 17, 2024 |
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