Use

• The Massachusetts use tax is imposed on items used in Massachusetts but purchased outside the state. According to the Massachusetts Department of Revenue, the use tax is 6.25 percent as of Aug. 1, 2009. The tax applies to items such as jewels, art, furniture, antiques and other household items imported to the state for personal consumption. Use tax is also imposed on goods purchased outside Massachusetts or the U.S. from mail-order sources, the Internet or at auction. However, use tax is not imposed when imported items are resold or used to manufacture something else in the conduct of business.
  
  

Income

• The Massachusetts Department of Revenue also collects revenue from state income tax. According to the state tax collection summary, income tax revenue comes from withholding, estimated tax payments and returns. The majority of income tax revenue comes from withholding, which accounted for about $1.3 billion in January 2011. This is a 14.6 percent in increase in total income tax revenue in comparison to January 2010. For the 2011 fiscal year, the state has raised $6.7 billion in income tax revenue. So far, the revenue for fiscal year 2011 is about 11.9 percent higher than income tax revenue for fiscal year 2010.
  
  

Corporate

• Revenue from business taxes comes from excise taxes imposed on corporations, insurance companies, financial institutions and public utilities. In January 2011, the Massachusetts Department of Revenue raised $51 million in total business taxes. State revenue summaries show a loss of $1 million in revenue from insurance excise taxes and a $3 million loss in revenue from financial institutions. In comparison to January 2010, there was a 5.3 percent decrease in revenue in overall corporate tax revenue. However, revenue from corporate excise tax increased by 50.2 percent in January 2011 in comparison to 2010.
  
  

Estate

• The Massachusetts estate tax is imposed on the estate of a deceased person before the proceeds of the estate are distributed to the lawful beneficiaries. According to the Massachusetts Department of Revenue, if the deceased person was a resident of Massachusetts, the surviving representative of the estate is required to file a Massachusetts Estate Return through Form M-706. The estate is subject to estate taxes imposed by the state if the value of the deceased person's estate is more than $1 million. Any federal estate tax obligations are in addition to those imposed by Massachusetts law.