The Revenue Department said Wednesday that tax payments for the six months ending in December totaled $12.2 billion or 1.4 percent above projections. December collections alone were running nearly five percent above estimates.
Collections of income tax totaled $4.8 billion, about 1 percent higher than projections for the six-month period. But the other major state levy—the sales tax—lagged projections by $125 million or nearly 3 percent.
The department says corporate tax collections totaled $244 million during the first half of the fiscal year—about 20 percent above estimates.



Font Resize






