TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS OF
APRIL 2007 COLLECTIONS

NASHVILLE, Tenn. - The April 2007 collections of the Tennessee Department of Revenue were $1,399,584,298, an increase of $109,254,690 or 8.5 percent over April 2006 collections.

Sales and use tax collections were $601,481,403, up $37,247,861 or 6.6 percent over April 2006 collections. The retail trade group was up 9.1 percent over collections from last year. Contributing to the rise were general merchandise stores (up 15.4%), auto dealers and service stations (up 9.5%), eating and drinking places (up 8.9%), apparel and accessories stores (up 18.4%), building materials stores (up 6.5%), miscellaneous retail stores (up 4.6%) and food stores (up 5.2%). Sales tax receipts from the services group were up 5.5 percent with increases by automotive repair and parking services (up 7.2%) leading the group. Collections from the non-retail, non-services group were up 8.1 percent where increases in manufacturing (up 16.8%) and wholesale trade (up 9.9%) provided most of the gain.

Consumer use tax collections were down 37.3 percent from collections in April 2006.

Franchise and excise tax collections were $402,635,286, up $15,390,493 or 4.0 percent when compared to April 2006 collections. Separately, franchise tax collections were $142,445,269, up $3,513,050 or 2.5 percent over last year. Excise tax collections were $260,190,017, up $11,877,442 or 4.8 percent over April 2006 collections.

Individual income tax collections were $201,627,415, an increase of $47,336,106 or 30.7 percent when compared to the same period one year ago.

Tobacco tax collections were $16,833,565, an increase of $6,886,213 or 69.2 percent over April 2006 collections.

TVA in-lieu-of tax payments were $21,114,561, surpassing last year's collections by $2,770,308 or 15.1 percent.

Inheritance, estate and gift tax collections of $16,428,640 in April 2007 surpassed April 2006 collections by $2,054,507 or 14.3 percent.

Gasoline tax collections were $47,127,256, a 5.0 percent or $2,499,363 decline from collections in the same period last year.

The Department of Revenue is responsible for the administration of state tax laws and motor vehicle title and registration laws established by the legislature and the collection of taxes and fees associated with those laws. The Department of Revenue collects approximately 92 percent of total state tax revenue. During the 2005-2006 fiscal year, the department collected $10.3 billion in state taxes and fees. In addition to collecting state taxes, $1.8 billion of local sales tax was collected by the department for local governments during the 2005-2006 fiscal year. Besides collecting taxes, the department enforces the revenue laws fairly and impartially in an effort to encourage voluntary taxpayer compliance. The department also apportions revenue collections for distribution to the various state funds and local units of government. To learn more about the department, log on to www.Tennessee.gov/revenue.

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