Quantcast

Bay State News

Wednesday, October 16, 2024

Massachusetts' miscellaneous tax revenues down 53.5% in Q2

Adobestock 308761831

Adobe Stock

Adobe Stock

Massachusetts collected $178 million in miscellaneous tax revenue during the second quarter of 2021, a 53.5 percent decrease from the previous quarter, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

$383 million was reported the previous quarter.

Net sales reflect companies’ total revenue stream, minus the costs of discounts, allowances and product returns.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Q2 Massachusetts Tax Collections
Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$2,044
Income Taxes$5,716
License Taxes$367
Other Taxes$178
Source: U.S. Census Bureau

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS