Closeup Of US Currency, TFP File Photo

State Of Florida Tax Collections Top Estimate

Closeup Of US Currency, TFP File Photo
Closeup Of US Currency, TFP File Photo

State general revenue tax collections were 8 percent higher than anticipated in April, according to a report released Monday by the Legislature’s Office of Economic & Demographic Research.

The report showed net general revenue during the month totaled about $5.53 billion, $411.4 million more than expected when a forecast was issued in January.

Most of the boost came from corporate income-tax collections and earnings on investments.

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Sales-tax collections, which are the biggest part of general revenue, came in at almost $3.4 billion, which was $6.5 million more than anticipated for the month.

Other sources that topped estimates included documentary-stamp tax collections on real estate transactions.

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