State reports Jump in April Tax Revenue Gains
Revenue Commissioner Amy Pitter said Tuesday that preliminary revenue collections came in $359 million higher.
Pitter said strong payments with 2012 income tax returns and 2013 quarterly estimated tax bills offset a shortfall in withholding, sales and estate tax collections.
Pitter said that helped the state end the month $153 million above official projections.
Tax collections so far this fiscal year total more than $18.1 billion.
That’s $941 million or 5.5 percent more than a year ago and $510 million above the state’s year-to-date benchmark.
April is historically the largest tax collection month of the year because payments with income tax returns for the previous year are due April 16.