State's net revenue in February tops forecast by 8.1 pct.
The report said results were driven by a "relative lack of refunds from individual income tax returns received" rather than gains or losses in collections.
In the report, the department said calendar year-to-date returns were still down "significantly" compared with year-ago patterns after Internal Revenue Service delays at the start of the tax filing season in January. Total refunds were below year ago levels by 3 percent in February and 12.2 percent year-to-date.
Meanwhile, sales and use tax collections reached $174.6 million, 5.2 percent higher than the same last year and above forecast by 0.9 percent. The February gain offsets a decline in January, with the two-month average amounting to 2 percent year-over-year growth, according to the report. In all, February tax collections grossed $411.3 million, up 4.5 percent above last year and 0.5 percent above forecast.
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|Date:||Mar 11, 2013|
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