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May 2009 Collections

For Immediate Release: June 8, 2009

TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS
OF MAY 2009 COLLECTIONS

NASHVILLE - May 2009 collections of the Tennessee Department of Revenue were $716,538,731, a decrease of $108,674,804 or 13.2 percent from May 2008 collections.

Sales and use tax collections totaled $494,011,691, a decrease of $61,069,516 or 11.0 percent from May 2008 collections.

Collections from the retail trade group decreased 7.9 percent. Items with significant changes include:

  • Motor vehicle dealers and service stations: down 21.4 percent (with a 26.7 percent decline in the new, used motor vehicle sub-category item)
  • Building materials: down 17.3 percent
  • Furniture & home furnishings stores: down 19.1 percent
  • Miscellaneous stores: down 5.5 percent
  • Eating & drinking places: down 3.0 percent
  • Apparel & accessory stores: up 7.5 percent

Collections from the service group decreased 11.4 percent from May 2008. The biggest contributors to the decline were business services (13.2 percent), hotel and lodging places (16.0 percent), and automotive repair, service and parking (10.8 percent).

Collections from the non-retail, non-services group decreased 13.7 percent led by losses in wholesale trade (24.9 percent), manufacturing (24.9 percent), transportation (60.0 percent), communications (11.5 percent) and construction (30.0 percent).

Consumer use collections were $340,734, a decrease of $169,678 (33.2 percent) from May 2008.

Franchise and excise tax collections were $26,134,619, a decrease of $21,595,299 or 45.2 percent when compared to May 2008. Separately, franchise tax collections were $15,547,543, a drop of $6,049,273 or 28.0 percent from last May. Excise tax collections were $10,587,077, a decrease of $15,547,026 or 59.5 percent from May 2008.

Privilege tax collections were $38,225,094, a decrease of $8,029,906 or 17.4 percent compared to May 2008 collections.

Motor vehicle fuel tax collections were $11,832,350, a decrease of $7,647,244 or 39.3 percent compared to May 2008.

Income tax collections were $4,747,228, a decrease of $4,654,124 or 49.5 percent compared to May 2008.

Tobacco tax collections were $25,102,444, a decrease of $3,676,512 or 12.8 percent compared to May 2008.

Inheritance, estate and gift tax collections were $4,085,395, a decrease of $2,114,514 or 34.1 percent compared to May 2008.

Gasoline tax collections were $48,613,009, a decrease of $1,671,940 or 3.3 percent compared to May 2008.

TVA in-lieu of tax collections were $24,014,435, an increase of $2,002,816 or 9.1 percent compared to May 2008 collections.

Business tax collections were $2,797,254, an increase of $1,438,417 or 105.9 percent compared to May 2008.

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 2007-2008 fiscal year, the department collected $11.2 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 2007-2008 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.TN.gov/revenue.

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