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May 2010 Collections

For Immediate Release: June 14, 2010

TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS
OF MAY 2010 COLLECTIONS

NASHVILLE - May 2010 collections of the Tennessee Department of Revenue were $767,147,973, an increase of $50,609,242 or 7.1 percent from May 2009 collections.

Sales and use use tax collections totaled $512,281,160, an increase of $18,269,470 or 3.7 percent from May 2009 collections.

Collections from the retail trade group increased 5.1 percent. Items with significant changes include:

  • Motor vehicle dealers and service stations: up 17.6 percent (with a 18.9 percent increase in the new, used motor vehicle sub-category item)
  • Building materials: up 12.6 percent
  • Eating & drinking places: up 3.0 percent
  • Furniture stores: up 8.1 percent

Collections from the service group increased 1.0 percent from May 2009. The biggest contributor to the increase was other services (41.7 percent) and the dominant loser was business services (7.1 percent).

Collections from the non-retail, non-services group decreased 5.9 percent led by a loss in communications (22.8 percent). The losses were somewhat offset by a gain in wholesale trade (7.4 percent).

Consumer use tax collections were $293,562, a decrease of $47,172 or 13.8 percent from May 2009.

Franchise and excise tax collections were $22,867,211, a decrease of $3,267,409 or 12.5 percent compared to the collection in May 2009. Separately, franchise tax collections were $3,659,060, a decrease of $11,888,483 or 76.5 percent from last May. Excise tax collections were $19,208,151, an increase of $8,621,074 or 81.4 percent from May 2009.

Business tax collections were $31,548,441, an increase of $28,751,187 or 1027.8 percent compared to May 2009 collections

Privilege tax collections were $41,252,031, an increase of $3,026,937 or 7.9 percent compared to May 2009.

TVA in-lieu of tax collections were $26,498,172, an increase of $2,483,736 or 10.3 percent compared to May 2009 collections.

Gasoline tax collections were $50,625,234, an increase of $2,012,226 or 4.1 percent compared to May 2009.

Motor vehicle fuel tax collections were $13,573,638, an increase of $1,741,288 or 14.7 percent compared to May 2009.

Inheritance, gift & estate tax collections were $5,778,052, an increase of $1,692,656 or 41.4 percent compared to May 2009.

Motor vehicle registration tax collections were $18,495,463, a decrease of $2,729,395 or 12.9 percent compared to May 2009 collections.

Tobacco tax collections were $22,736,447, a decrease of $2,365,997 or 9.4 percent compared to May 2009.

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 2009-2010 fiscal year, the department collected $10.2 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 2009-2010 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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