Corporate income tax saves Vermont revenues
That's the word from Administration Secretary Jeb Spaulding, who says overall general fund revenues are running nearly 2 percent short of their target for the first six months of the current fiscal year.
The personal income tax continued to lag in December, coming in at about $57 million, or nearly 4 percent less than what had been expected when state revenue targets were set in July.
But corporate income taxes came in at $22.5 million, about 73 percent ahead of what had been expected for the month.
Both the sales and use and rooms and meals taxes lagged their targets in December.
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