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SD 2892

DOR March 2025 Year-to-Date Net State Tax Revenue Report

194th Legislature (2025-2026)

Summary of SD 2892: DOR March 2025 Year-to-Date Net State Tax Revenue Report OverviewSD 2892 is a proposed bill that would require the Massachusetts Department of Revenue (DOR) to

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Bill Summary · SD 2892

Summary of SD 2892: DOR March 2025 Year-to-Date Net State Tax Revenue Report

Overview

SD 2892 is a proposed bill that would require the Massachusetts Department of Revenue (DOR) to publish a year-to-date net state tax revenue report for the month of March 2025. This report would provide detailed information on the state's tax revenue collections, broken down by major tax categories, and compare the current year's numbers to the prior year.

Key Provisions

  • Mandates the DOR to prepare and publish a "March 2025 Year-to-Date Net State Tax Revenue Report" no later than April 30, 2025.
  • Requires the report to include the following information:
    • Total net state tax revenue collected year-to-date as of March 31, 2025
    • Breakdowns of revenue by major tax types (personal income tax, sales tax, corporate excise tax, etc.)
    • Comparison of current year-to-date numbers to the same period in the prior fiscal year
    • Explanations for any significant variances (increases or decreases) in revenue between the two years

Potential Impact

  • This report would provide lawmakers, state officials, and the general public with timely, detailed information on the state's tax revenue performance through the first three quarters of fiscal year 2025.
  • The data and analysis could inform budgeting decisions, revenue projections, and potential policy changes related to the state's tax system.
  • By comparing current year figures to the prior year, the report would highlight any emerging trends or anomalies in tax collections that may warrant further investigation or action.

Procedural Details

  • SD 2892 was introduced on May 12, 2025 and has been placed on file, meaning it has not yet been scheduled for a vote or further consideration by the state legislature.
  • If enacted, the DOR would be required to publish the March 2025 year-to-date tax revenue report by the end of April 2025.

Overall, this bill aims to enhance transparency and provide timely, data-driven information to support fiscal policymaking in Massachusetts.

Compiled from official sources — confirm details with the bill’s official record.

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