The Department of Revenue today reported that the monthly revenue collection for July came in at $1.353 billion, an increase of $103 million over July of a year ago, representing an 8.2 percent increase and exceeding the montly benchmark by $79 million.
July is a small month for revenue collection as there are no estimated payments for individuals and virtually no such payments for businesses, so the growth spurt came in income tax collections (mostly withholding) and in sales tax.
To examine a one-page spreadsheet outlining the month's collection, click here.
The Commonwealth's target revenue collection for FY11 is $19.098 billion. To put that in perspective, the Commonwealth in FY08 collected $20.88 billion, before the economy went into recession, so there is still nearly a $2 billion gap between FY08 and projected FY11 collections. The FY10 collection was $18.538 billion.
Mission Accomplished posted on Sep 15
They are two dogs with a very unique trick. Meet Fillmore and Max, a canine pair trained specifically to sniff out tobacco. The Massachusetts Department of Revenue recently teamed up with Altria representatives and their tobacco sniffing dogs for a two-day tobacco drive in an …Continue Reading Mission Accomplished
It’s All About Plain Talk posted on Aug 13
Commissioner Amy Pitter wants to be sure that the information going out of DOR to taxpayers is clear and concise. If you received a bill, form or notice from the Department of Revenue and are having trouble understanding what actions you need to take, tell …Continue Reading It’s All About Plain Talk
Take a survey — Your feedback impacts how DOR does business posted on Aug 4
The Department of Revenue wants to hear from taxpayers and anyone who is advocating for taxpayers! DOR has just unveiled its new “How Are We Doing?” survey page, and we’d like you to report in on your customer service experience. This page was created to …Continue Reading Take a survey — Your feedback impacts how DOR does business