TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS OF
SEPTEMBER 2007 COLLECTIONS
NASHVILLE, Tenn – September 2007 collections of the Tennessee Department of Revenue were $1,064,052,148, an increase of $86,640,182 or 8.9 percent over September 2006 collections.
Sales and use tax collections totaled $573,245,887, an increase of $19,658,455 or 3.6 percent over the September 2006 collections.
Collections from the retail trade group increased 3.6 percent. Items with significant changes include:
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General merchandise: up 8.8 percent
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Motor vehicle dealers and service stations: up 3.8 percent
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Eating and drinking places: up 6 percent
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Miscellaneous retail stores: up 4.6 percent
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Building materials: down 5.8 percent
Collections from the service group increased four percent led by gains in hotel and lodging places (up 8 percent).
Collections from the non-retail, non-services group increased one percent led by gains in electric gas and sanitary services (up 6.6 percent).
Consumer use collections were $264,307, a decline of $154,289 (36.9 percent) from September 2006.
Franchise and excise tax collections were $294,663,261, an increase of $35,552,565 or 13.7 percent when compared to September 2006. Separately, franchise tax collections were $102,908,721, a $14,291,533 or 16.1 percent gain from last September. The excise tax collection was $191,754,540, an improvement of $21,261,033 or 12.5 percent over September 2006.
TVA in-lieu-of tax payments amounted to $29,101,874, an increase of $11,114,428 or 61.8 percent over last September.
Tobacco tax collections were $20,606,025, an increase of $10,483,054 or 103.6 percent over the collection of September 2006.
Gasoline tax collections were $56,053,667, an increase of $3,035,421 or 5.7 percent over September last year.
Inheritance and estate tax collections were $7,562,820, an increase of $2,152,552 or 39.8 percent over September last year.
Motor vehicle fuel collections were $15,931,756, an increase of $2,075,796 or 15 percent compared to September of last year.
Business tax collections were $3,363,176, an increase of $2,005,676 or 147.8 percent from September 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 2006-2007 fiscal year, the department collected $11.0 billion in state taxes and fees. In addition to collecting state taxes, $1.9 billion of local sales tax was collected by the department for local governments during the 2006-2007 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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