Taxes News
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Massachusetts sees less individual income tax revenue in Q3 2024
The third quarter of 2024 brought in $5.2 billion in individual income tax revenue for Massachusetts, a 39.8% decrease from the second quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
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Massachusetts' license tax revenue up 20.5% in Q2 compared to same quarter of the previous year
Massachusetts collected $429 million in license taxes during the second quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.