Skip to main content
  • This page, Determination of Whether Net State Tax Revenues Exceeded Allowable State Tax Revenues - Exhibit VI, is   offered by
  • Office of the State Auditor

Determination of Whether Net State Tax Revenues Exceeded Allowable State Tax Revenues - Exhibit VI

Comparison of Net State Tax Revenues for the Fiscal Years Ended June 30, 2023 and June 30, 2024.
Skip table of contents

Table of Contents

You skipped the table of contents section.

Overview

Type of State Tax Collected
(by Agency)		Net State Tax Revenues
for the Fiscal Year Ended
June 30, 2024		Net State Tax Revenues
for the Fiscal Year Ended
June 30, 2023		Increase/
(Decrease)		Percentage
Increase/
(Decrease)
Department of Revenue (DOR):    
Alcoholic Beverages$        97,557,745$         98,268,233$           (710,488)(0.72%)
Financial Institutions         16,679,220          21,794,082         (5,114,862)(23.47%)
Cigarettes*       339,556,532        365,268,952       (25,712,420)(7.04%)
Corporations  4,228,988,516ꭥ     4,549,011,437     (320,022,921)(7.03%)
Deeds     210,648,371†        235,073,973       (24,425,602)(10.39%)
Estate and Inheritance       574,197,780       973,709,715     (399,511,935)(41.03%)
Income*21,954,074,680ꭥ§  18,783,716,933    3,170,357,74716.88%
Insurance       587,889,739        537,238,001         50,651,7389.43%
Motor Fuels and International Fuel Tax Agreement       713,226,659        701,908,724         11,317,9351.61%
Public Utilities            (570,000)               150,000            (720,000)(480%)
Room Occupancy      413,249,428 ‡        388,023,760         25,225,6686.50%
Sales and Use ‡    9,397,246,914     9,448,137,002       (50,890,088)(0.54%)
Club Alcoholic Beverages              862,868               822,018                40,8504.97%
Motor Vehicle Excise              685,217               619,124                 66,09310.68%
Convention Center Surcharges         16,381,047          13,810,974           2,570,07318.61%
Community Preservation Trust       44,303,075†          49,187,225         (4,884,150)(9.93%)
Controlled Substances and Marijuana Excise       173,742,923        161,467,626         12,275,2977.60%
Satellite           4,719,921            5,418,444            (698,523)(12.89%)
Statewide Car Rental           5,409,032            5,085,279              323,7536.37%
Electronic Nicotine Delivery System         14,775,879          13,870,692              905,1876.53%
Subtotal (DOR)$ 38,793,625,546$ 36,352,582,194$   2,441,043,3526.71%
Massachusetts Gaming Commission:    
Pari-Mutuel Taxes              891,623               832,905                58,7187.05%
Gaming Revenue Taxes       320,921,934        318,703,621           2,218,3130.70%
Sport Wagering       119,418,578          37,517,005         81,901,573218.31%
Lottery Commission:    
Beano              444,881               428,988                15,8933.70%
Raffles and Bazaars              982,898            1,031,544              (48,646)(4.72%)
State Athletic Commission:    
Boxing Contests              424,328 74,376              349,952470.52%
Boxer’s Fund                87,492 17,859                 69,633389.90%
Division of Insurance:    
Excess and Surplus Lines Insurance104,131,209          76,271,757         27,859,45236.53%
Secretary of State:    
Deeds Excise Stamp Tax Fees       89,981,411†        101,916,115       (11,934,704)(11.71%)
Department of Unemployment Assistance:    
Workforce Training Contribution         26,369,413         35,084,888         (8,715,475)(24.84%)
Subtotal (Other Agencies)$      663,653,767$       571,879,058$        91,774,70916.05%
Total (DOR and Other Agencies)$ 39,457,279,313$  36,924,461,252$   2,532,818,0616.86 %

*  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 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-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 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 $2,199,330,240.

Date published: September 17, 2024

Help Us Improve Mass.gov  with your feedback

Please do not include personal or contact information.
Feedback