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News December Collections Total $1.842 Billion

1/04/2008
  • Massachusetts Department of Revenue

Friday, January 4, 2008
Robert R. Bliss
blissr@dor.state.ma.us
617-626-2369

Revenue Commissioner Henry Dormitzer today announced that preliminary revenue collections for December 2007 total $1.842 billion, up $58 million or 3.2 percent from last December. Total tax collections were $22 million below the December monthly benchmark.

FY08 year-to-date tax collections total $9.127 billion, up $365 million or 4.2 percent ahead of the same period a year ago, and are $22 million above the FY08 year-to-date benchmark.

"Weakness in corporate/business and sales tax collections were the main reason for the below benchmark December performance," said Revenue Commissioner Henry Dormitzer.

December income tax collections totaled $889 million, up $52 million or 6.2 percent and $11 million above the monthly benchmark. Estimated payments, a subset of income tax collections, totaled $132 million, up $9 million from the same period last year but $7 million below the monthly benchmark. Sales tax collections totaled $326 million, up $3 million or 0.9 percent but $9 million below the monthly benchmark. Corporate/business taxes totaled $346 million, down $2 million from the same period last year and $10 million below the monthly benchmark.

FY2008 Year-to-Date Revenue through December 31, 2007 

December 2007 Tax Collection Summary (preliminary as of January 4, 2008) 

Massachusetts Department of Revenue  

The Massachusetts Department of Revenue manages state taxes and child support. We also help cities and towns manage their finances.

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