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Saturday, November 23, 2024

Massachusetts's miscellaneous tax revenues down 18.3% since Q3 2023

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Geoffrey E. Snyder Commissioner of Revenue at Massachusetts Department of Revenue | Massachusetts Department of Revenue

Geoffrey E. Snyder Commissioner of Revenue at Massachusetts Department of Revenue | Massachusetts Department of Revenue

Massachusetts collected $268 million in miscellaneous tax revenue during the third quarter of 2023, an 18.3% decrease from the same period the previous year when $328 million was reported, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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.

Q3 2023 Massachusetts Tax Collections

Type of TaxAmount (millions)
Sales and Gross Receipts Taxes$3,060
Income Taxes$6,118
License Taxes$319
Miscellaneous Taxes$268

Source: U.S. Census Bureau

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