Overview
| Type of State Tax Collected (by Agency) | Net State Tax Revenues for the Fiscal Year Ended June 30, 2025 | Net State Tax Revenues for the Fiscal Year Ended June 30, 2024 | Increase/ (Decrease) | Percentage Increase/ (Decrease) |
|---|---|---|---|---|
| Department of Revenue (DOR) | ||||
| Alcoholic Beverages | $96,139,493 | $97,557,745 | $ (1,418,252) | (1.45%) |
| Financial Institutions | 19,948,574 | 16,679,220 | 3,269,354 | 19.60% |
| Cigarettes* | 312,509,894 | 339,556,532 | (27,046,638) | (7.97%) |
| Corporations | 4,036,624,036 | 4,228,988,516‡ | (192,364,480) | (4.55%) |
| Deeds** | 236,512,219 | 210,648,371 | 25,863,848 | 12.28% |
| Estate and Inheritance | 740,358,648 | 574,197,780 | 166,160,868 | 28.94% |
| Income*§ | 23,772,756,136 | 21,954,074,680‡ | 1,818,681,456 | 8.28% |
| Insurance | 613,267,505 | 587,889,739 | 25,377,766 | 4.32% |
| Motor Fuels and International Fuel Tax Agreement | 706,664,876 | 713,226,659 | (6,561,783) | (0.92%) |
| Public Utilities | 0 | (570,000) | 570,000 | (100%) |
| Room Occupancy | 428,307,775 | 413,249,428† | 15,058,347 | 3.64% |
| Sales and Use† | 9,719,092,732 | 9,397,246,914 | 321,845,818 | 3.42% |
| Club Alcoholic Beverages | 901,932 | 862,866 | 39,066 | 4.53% |
| Motor Vehicle Excise | 685,091 | 685,218 | (127) | (0.02%) |
| Convention Center Surcharges | 16,641,499 | 16,381,048 | 260,451 | 1.59% |
| Community Preservation Trust** | 45,913,675 | 44,303,075 | 1,610,600 | 3.64% |
| Controlled Substances and Marijuana Excise | 183,268,728 | 173,742,923 | 9,525,805 | 5.48% |
| Satellite | 4,308,779 | 4,719,921 | (411,142) | (8.71%) |
| Statewide Car Rental | 5,697,101 | 5,409,032 | 288,069 | 5.33% |
| Electronic Nicotine Delivery System | 14,857,968 | 14,775,879 | 82,089 | 0.56% |
| Subtotal (DOR) | $ 40,954,456,661 | $ 38,793,625,546 | $2,160,831,115 | 5.57% |
| Massachusetts Gaming Commission | ||||
| Pari-Mutuel Taxes | 941,404 | 891,623 | 49,781 | 5.58% |
| Gaming Revenue Taxes | 327,030,043 | 320,921,934 | 6,108,109 | 1.90% |
| Sport Wagering | 151,839,431 | 119,418,578 | 32,420,853 | 27.15% |
| Lottery Commission | ||||
| Beano | 469,321 | 444,881 | 24,440 | 5.49% |
| Raffles and Bazaars | 920,902 | 982,898 | (61,996) | (6.31%) |
| State Athletic Commission | ||||
| Boxing Contests | 86,560 | 424,328 | (337,768) | (79.60%) |
| Boxer’s Fund | 20,303 | 87,492 | (67,189) | (76.79%) |
| Division of Insurance | ||||
| Excess and Surplus Lines Insurance | 118,314,772 | 104,131,209 | 14,183,563 | 13.62% |
| Secretary of State | ||||
| Deeds Excise Stamp Tax Fees** | 101,979,655 | 89,981,411 | 11,998,244 | 13.33% |
| Department of Unemployment Assistance | ||||
| Workforce Training Contribution | 26,987,425 | 26,369,413 | 618,012 | 2.34% |
| Subtotal (Other Agencies) | $728,589,816 | $663,653,767 | $64,936,049 | 9.78% |
| Total (DOR and Other Agencies) | $41,683,046,477 | $39,457,279,313 | $2,225,767,164 | 5.64% |
* This includes income tax penalties assessed under Section 2 of Chapter 111M of the Massachusetts General Laws for fiscal years 2025 and 2024, totaling $47,425,121 and $41,111,723, respectively, and cigarette excise revenues credited to the Commonwealth Care Trust Fund in accordance with Sections 12 and 70 of Chapter 302 of the Acts of 2008, totaling $64,142,973 and $69,871,069, credited to the Commonwealth Care Trust Fund. The tax revenues credited to the fund totaled $111,568,094 and $110,982,812, respectively.
** We made adjustments to the individual line items on Exhibit VI that pertain to the following under/overreported revenues for fiscal years 2025 and 2024: DOR deeds excise tax, totaling $4,582,348 and -$2,837,208; DOR Community Preservation Fund surcharges, totaling -$3,238,150 and $1,493,096; ; Land Court Fees (non-62F revenue fund), totaling -$1,344,197 and $1,344,112, respectively.
† 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. For fiscal year 2024, this includes the Office of the Comptroller of the Commonwealth’s adjustment in the amount of $5,462.
‡ For fiscal year 2024, 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 of the General Laws. DOR estimated the 4% income surtax revenues to be excluded from fiscal years 2025 and 2024 net state tax revenues to be $2,987,020,296 and $2,199,330,240, respectively. The fiscal year 2025 estimate was based on historical income tax return data, DOR’s vendors’ forecasts of various income sources, and DOR’s capital gains forecast. The fiscal year 2025 estimation methodology represents a modification to the methodology used in fiscal year 2024, which used payment data in addition to the historical tax return data and the forecast methodology previously described. DOR changed its estimation methodology because it was determined that the use of payment data resulted in an underestimation of surtax revenue. This adjustment is reflected in Exhibit VI.
| Date published: | September 15, 2025 |
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