Determination of Whether Net State Tax Revenues Exceeded Allowable State Tax Revenues FY2023 – Exhibit VI

Comparison of Net State Tax Revenues by Agency for the Fiscal Years Ended June 30, 2022 and June 30, 2023

Type of State Tax Collected (by Agency)	Net State Tax Revenues (Fiscal Year Ended June 30, 2023)	Net State Tax Revenues (Fiscal Year Ended June 30, 2022)	Increase/ (Decrease)	Percentage Increase/ (Decrease)
Department of Revenue (DOR)
Alcoholic Beverages	$98,268,233	$97,021,545	$1,246,688	1.28%
Financial Institutions			(831,233)	(3.67%)
Cigarettes*	365,268,952	390,686,415	(25,417,463)	(6.51%)
Corporations	4,549,011,437ꭥ	4,576,810,629	(27,799,192)	(.61%)
Deeds†	235,073,973	326,336,055	(91,262,082)	(27.97%)
Estate and Inheritance	973,709,715	868,443,605	105,266,110	12.12%
Income*†	18,783,716,933ꭥ	24,378,536,458	(5,594,819,525)	(22.95%)
Insurance	537,238,001	509,116,593	28,121,408	5.52%
Motor Fuels and International Fuel Tax Agreement	701,908,724	722,787,679	(20,878,955)	(2.89%)
Public Utilities	150,000	1,571,826	(1,421,826)	(90.46%)
Room Occupancy‡	388,023,760	294,218,893	93,804,867	31.88%
Sales and Use‡	9,448,137,002	8,809,380,082	638,756,920	7.25%
Club Alcoholic Beverages	822,018	621,467	200,551	32.27%
Motor Vehicle Excise	619,124	1,115,071	(495,947)	(44.48%)
Convention Center Surcharges	13,810,974	10,595,570	3,215,404	30.35%
Community Preservation Trust†	49,187,225	70,650,181	(21,462,956)	(30.38%)
Controlled Substances and Marijuana Excise	161,467,626	156,669,255	4,798,371	3.06%
Satellite	5,418,444	6,080,777	(662,333)	(10.89%)
Statewide Car Rental	5,085,279	4,424,256	661,023	14.94%
Electronic Nicotine Delivery System	13,870,692	16,326,164	(2,455,472)	(15.04%)
Subtotal (DOR)	$36,352,582,194	$41,264,017,836	$(4,911,435,642)	(11.90%)
Massachusetts Gaming Commission
Pari-Mutuel Taxes	832,905	1,080,125	(247,220)	(22.89%)
Gaming Revenue Taxes	318,703,621	300,056,546	18,647,075	6.21%
Sport Wagering£	37,517,005	0	37,517,005	100%
Lottery Commission
Beano	428,988	336,672	92,316	27.42%
Raffles and Bazaars	1,031,544	814,877	216,667	26.59%
State Athletic Commission
Boxing Contests	74,376	76,779	(2,403)	(3.13%)
Boxer’s Fund	17,859	18,359	(500)	(2.72%)
Division of Insurance
Excess and Surplus Lines Insurance	76,271,757	78,879,752	(2,607,995)	(3.31%)
Secretary of State (SOC)
Deeds Excise Stamp Tax Fees†	101,916,115	146,008,812	(44,092,697)	(30.20%)
Department of Unemployment Assistance
Workforce Training Contribution	35,084,888	21,364,600	13,720,288	64.22%
Subtotal (Other Agencies)	$571,879,058	$548,636,522	$23,242,536	4.24%
Total (DOR and Other Agencies)	$36,924,461,252	$41,812,654,358	$(4,888,193,106)	(11.69%)

*  This includes income tax penalties assessed under Section 2 of Chapter 111M of the Massachusetts General Laws 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.

†  The adjustments of $167,413 were added to the individual line items that pertain to the following underreported revenues: DOR deeds excise tax, totaling $79,458; DOR Community Preservation Fund surcharges, totaling $29,225; and SOC deeds excise tax revenue, totaling $58,730. An additional adjustment of an estimated ($242,000,000) was made to remove the 4% income surtax revenues, pursuant to Section 17 of Chapter 28 of the Acts of 2023. 

‡  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.

ꭥ  This includes the amount refunded to taxpayers: $2,785,633,715 in income taxes and $87,674 in corporation taxes, totaling $2,785,721,389.

£  Excise on sports wagering operators in Massachusetts was established by Section 14 of Chapter 23N of the General Laws, effective August 10, 2022, for sports wagering after January 2023.

Date published:	September 19, 2023