Eleven months into the current fiscal year, which ends June 30, it is apparent that consumers are buying less in retail stores and have slowed down their purchase of new cars, but they are still eating out.
Year-to-date revenue collection numbers DOR released this week show that while collections of regular sales tax (retail items) are down $138 million or 5.1 percent from a year ago, and tax collections from the sale of motor vehicles are down $63 million or 13.7 percent from a year ago, meals tax collections of $573 million are just $2 million less than a year ago, down just 0.4 percent.
There has been a lot said about how restaurants have had to revise their menus and pricing to keep customers coming. They are apparently meeting with some success in this tough economy, because the numbers in this case don't lie. The restaurant business appears to be holding up.
To take a look at the complete revenue report for May as well as the year-to-date numbers click here. And feel free to comment with your own observation.
Five Reasons to E-File with DOR’s WebFile for Income posted on Feb 24
With Tax season well under way; DOR would like to help you make the decision to E-File with WebFile for Income this year. We know, “I’m not computer savvy” or “What about the safety of my information” has been said many times before, but we’d …Continue Reading Five Reasons to E-File with DOR’s WebFile for Income
Class in Session at DOR University posted on Jan 20
Looking to educate yourself this tax season? Want to learn more about tax options, or DOR-related issues? All this can be achieved at DOR University, the Department of Revenue’s free online e-learning module. DOR University, created to offer free tax education to the public and …Continue Reading Class in Session at DOR University
Multi-agency investigation in two states leads to charges posted on Nov 19
Earlier this year, the Massachusetts Illegal Tobacco Commission, chaired by DOR Commissioner Amy Pitter, released a report on the illicit tobacco trade which recommends that teaming up with federal, state and local law enforcement can be a successful model for combatting such criminal activity. And …Continue Reading Multi-agency investigation in two states leads to charges