Overview
|
Type of State Tax Collected |
Net State Tax Revenues |
Net State Tax Revenues |
Increase/ |
Percentage |
|
Department of Revenue: |
|
|||
|
Alcoholic Beverages |
$ 97,021,545 |
$ 92,659,833 |
$ 4,361,712 |
4.71% |
|
Financial Institutions |
22,625,315 |
44,925,553 |
(22,300,238) |
(49.64%) |
|
Cigarettes* |
390,686,415 |
398,214,240 |
(7,527,825) |
(1.89%) |
|
Corporations |
4,576,810,629 |
3,626,596,723 |
950,213,906 |
26.20% |
|
Deeds |
326,336,055 |
278,547,474 |
47,788,581 |
17.16% |
|
Estate and Inheritance |
868,443,605 |
787,763,646 |
80,679,959 |
10.24% |
|
Income* |
24,378,536,458 |
19,662,122,669 |
4,716,413,789 |
23.99% |
|
Insurance |
509,116,593 |
480,482,548 |
28,634,045 |
5.96% |
|
Motor Fuels and I.F.T.A.† |
722,787,679 |
662,932,260 |
59,855,419 |
9.03% |
|
Public Utilities |
1,571,826 |
1,471,656 |
100,170 |
6.81% |
|
Room Occupancy ‡ |
294,218,893 |
124,219,852 |
169,999,041 |
136.85% |
|
Sales and Use ‡ |
8,809,380,082 |
7,849,849,674 |
959,530,408 |
12.22% |
|
Club Alcoholic Beverages |
621,467 |
545,700 |
75,767 |
13.88% |
|
Motor Vehicle Excise |
1,115,071 |
783,012 |
332,059 |
42.41% |
|
Convention Center Surcharges |
10,595,570 |
4,233,304 |
6,362,266 |
150.29% |
|
Community Preservation Trust |
70,650,181 |
82,211,890 |
(11,561,709) |
(14.06%) |
|
Controlled Substances and Marijuana Excise |
156,669,255 |
112,370,476 |
44,298,779 |
39.42% |
|
Satellite |
6,080,777 |
6,707,686 |
(626,909) |
(9.35%) |
|
Statewide Car Rental |
4,424,256 |
3,241,595 |
1,182,661 |
36.48% |
|
Electronic Nicotine Delivery System |
16,326,164 |
13,304,172 |
3,021,992 |
22.71% |
|
Subtotal (Department of Revenue) |
$ 41,264,017,836 |
$ 34,233,183,963 |
$ 7,030,833,873 |
20.54% |
|
Massachusetts Gaming Commission: |
|
|
|
|
|
Pari-Mutuel Taxes |
1,080,125 |
1,117,166 |
(37,041) |
(3.32%) |
|
Gaming Revenue Taxes |
300,056,546 |
224,006,645 |
76,049,901 |
33.95% |
|
Lottery Commission: |
|
|
|
|
|
Beano |
336,672 |
29,543 |
307,129 |
1,039.60% |
|
Raffles and Bazaars |
814,877 |
584,569 |
230,308 |
39.40% |
|
State Athletic Commission: |
|
|
|
|
|
Boxing Contests |
76,779 |
0 |
76,779 |
NA |
|
Boxer’s Fund |
18,359 |
0 |
18,359 |
NA |
|
Division of Insurance: |
|
|
|
|
|
Excess and Surplus Lines Insurance |
78,879,752 |
56,922,088 |
21,957,664 |
38.57% |
|
Secretary of State: |
|
|
|
|
|
Deeds Excise Stamp Tax Fees |
146,008,812 |
118,629,776 |
27,379,036 |
23.08% |
|
Department of Unemployment Assistance: |
|
|
|
|
|
Workforce Training Contribution |
21,364,600 |
21,363,318 |
1,282 |
0.01% |
|
Subtotal (Other Agencies) |
$ 548,636,522 |
$ 422,653,105 |
$ 125,983,417 |
29.81% |
|
Total (Department of Revenue |
$ 41,812,654,358 |
$ 34,655,837,068 |
$ 7,156,817,290 |
20.65% |
* 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.
† International Fuel Tax Agreement.
‡ 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.
| Date published: | September 15, 2022 |
|---|