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April 2012 Collections

For Immediate Release:  May 8, 2012

TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS
OF APRIL 2012 COLLECTIONS

NASHVILLE - April 2012 collections of the Tennessee Department of Revenue were $1,386,414,214, an increase of $122,242,406 or 9.7 percent from April 2011 collections.

Sales and use tax collections totaled $617,909,545, an increase of $49,829,469 or 8.8 percent from April 2011 collections.

Collections from the retail trade group increased 10.1 percent. Items with significant changes include:

  • Motor vehicle dealers and service stations: up 14.3 percent (with a 16.2 percent increase in the new, used motor vehicle sub-category item)
  • Building materials stores: up 21.4 percent
  • General merchandise stores: up 9.2 percent
  • Eating & drinking places: up 8.2 percent
  • Miscellaneous retail stores: up 7.7 percent
  • Food stores: up 6.4 percent
  • Apparel & accessory stores: up 11.1 percent

Collections from the service group increased 9.0 percent from April 2011. The major contributors to this gain were hotel and lodging places (20.8 percent) and automotive repair, services & parking (12.3 percent).

Collections from the non-retail, non-services group decreased 0.7 percent led by losses in communications (6.5 percent), manufacturing (5.8 percent), and electric, gas & sanitary services (6.2 percent). This loss was somewhat offset by a gain in wholesale trade (8.3 percent).

Consumer use tax collections were $571,197, an increase of $342,964 or 108.1 percent from April 2011.

Disaster relief tax rebate was $2,999 in April 2012 for taxpayers affected by the May 2010 flood, April 2011 disaster relief, and the sales tax rebate on storm shelters.

Franchise and excise tax collections were $377,899,142, an increase of $36,761,780 or 10.8 percent compared to the collection in April 2011. Separately, franchise tax collections were $130,919,546, an increase of $20,961,246 or 19.1 percent from last April. Excise tax collections were $246,979,596, an increase of $15,800,534 or 6.8 percent from April 2011.

Inheritance, gift & estate tax collections were $54,905,348, an increase of $36,700,503 or 201.6 percent compared to April 2011.

TVA - In Lieu of tax collections were $28,661,892, an increase of $2,566,579 or 9.8 percent compared to April 2011.

Privilege tax collections were $18,968,553, an increase of $1,294,877 or 7.3 percent compared to April 2011.

Business tax collections were $4,529,124, an increase of $1,277,136 or 39.3 percent compared to April 2011.

Motor vehicle fuel tax collections were $16,327,248, an increase of $1,240,450 or 8.2 percent compared to April 2011.

Gasoline tax collections were $48,575,330, a decrease of $4,115,891 or 7.8 percent compared to April 2011.

Income tax collections were $148,651,926, a decrease of $3,351,173 or 2.2 percent compared to April 2011.

Tobacco tax collections were $22,693,282, a decrease of $1,309,699 or 5.5 percent compared to April 2011.

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 88 percent of total state tax revenue. During the 2011 fiscal year, the department collected $10.4 billion in state taxes and fees. In addition to collecting state taxes, the Department of Revenue collects taxes for local, county and municipal governments. During the 2011 fiscal year, local government collections by the Department of Revenue exceeded $2.0 billion. In 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.TN.gov/revenue.

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