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The recent trend of strong collections from the state’s three largest taxes—the personal income tax, corporation tax, and sales tax—continued in March, with revenues exceeding projections by $2.5 billion (30 percent). While collections were up across the board, income tax withholding and corporation tax payments accounted for most the higher-than-expected collections in March. March corporation tax payments were a mix of estimated payments for 2021 and pass-through entity final payments for 2020.


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