Posted 1 year ago
By Post Staff
The state Revenue Department said Friday that tax collections totaled about $6.2 billion in the 2013 fiscal year, nearly $160 million more than in the previous year.
Collections in June were $567 million, about $25 million more than expected.
New laws enacted last year reduced the state’s personal income tax rates and eliminated taxes on roughly 191,000 businesses in certain categories.
The Legislature approved more tax cuts in its latest session.