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November 2012 Collections

For Immediate Release:  December 13, 2012

TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS
OF NOVEMBER 2012 COLLECTIONS

NASHVILLE - November 2012 collections of the Tennessee Department of Revenue were $768,245,680, an increase of $2,655,946 or 0.4 percent from November 2011 collections.

Sales and use tax collections totaled $557,322,909, an increase of $15,191,858 or 2.8 percent from November 2011 collections.

Collections from the retail trade group increased 2.6 percent. Items with significant changes include:

  • Motor vehicle dealers and service stations: up 7.6 percent (with a 6.6 percent increase in the new, used motor vehicle sub-category item)
  • Miscellaneous retail stores: up 5.0 percent
  • Eating & drinking places: up 3.1 percent
  • General merchandise stores: down 2.2 percent

Collections from the service group increased 5.8 percent from November 2011. The gain was broad based with all items in positive territory; however, none were significant to mention.

Collections from the non-retail, non-services group decreased 2.8 percent led by losses in electric, gas & sanitary services (13.4 percent) and communications (18.2 percent).

Consumer use tax collections were $436,045, a decrease of $14,577 or 3.2 percent from November 2011.

Franchise and excise tax collections were $26,529,546, a decrease of $14,185,797 or 34.8 percent compared to the collection in November 2011. Separately, franchise tax collections were $6,631,498, a decrease of $3,125,472 or 32.0 percent from last November. Excise tax collections were $19,898,048, a decrease of $11,060,325 or 35.7 percent from November 2011.

Privilege tax collections were $19,592,421, an increase of $3,426,600 or 21.2 percent compared to November 2011.

Gasoline tax collections were $52,433,456, an increase of $1,497,593 or 2.9 percent compared to November 2011.

Inheritance, gift & estate tax collections were $4,712,216, a decrease of $1,665,792 or 26.1 percent compared to November 2011.

TVA - In Lieu of tax collections were $27,297,241, a decrease of $1,364,651 or 4.8 percent compared to November 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 2012 fiscal year, the department collected $11.4 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 2012 fiscal year, local government collections by the Department of Revenue were $2.2 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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