Monthly collections down $36 million vs March 2017 actual; up $176 million from monthly benchmark estimate, primarily driven by earlier-than-anticipated corporate return filings
Many businesses were affected by recent severe winter storms and may need additional time to qualify for an automatic extension to file their 2017 Massachusetts tax returns.
Monthly revenue collections up $96 million actual vs February 2017; down $78 million from expected monthly benchmark and ahead $725 million of year-to-date FY18 benchmark.