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June 2010 Collections

For Immediate Release: July 14, 2010

TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS
OF JUNE 2010 COLLECTIONS

NASHVILLE - June 2010 collections of the Tennessee Department of Revenue were $1,061,695,932, a decrease of $26,421,767 or 2.4 percent from June 2009 collections.

Sales and use tax collections totaled $521,995,454, an increase of $3,776,267 or 0.7 percent from June 2009 collections.

Collections from the retail trade group increased 3.4 percent. Items with significant changes include:

  • Motor vehicle dealers and service stations: up 14.1 percent (with a 14.3 percent increase in the new, used motor vehicle sub-category item)
  • Building materials: up 4.4 percent
  • General merchandise stores: up 2.8 percent

Collections from the service group increased 1.4 percent from June 2009. The biggest contributor to the increase was business services (16.7 percent) and the dominant loser was amusement and recreation services (22.7 percent).

Collections from the non-retail, non-services group decreased 5.1 percent led by a loss in the transportation category (84.6 percent).  The losses were somewhat offset by gains in wholesale trade (16.8 percent) and communications (5.9 percent).

Consumer use tax collections were $226,888, an increase of $30,300 or 15.4 percent from June 2009.

Franchise and excise taxcollections were $249,841,491, an increase of $12,271,989 or 5.2 percent compared to the collection in June 2009.  Separately, franchise tax collections were $82,460,360, a decrease of $15,924,188 or 16.2 percent from last June.  Excise tax collections were $167,381,131, an increase of $28,196,177 or 20.3 percent from June 2009.

Gasoline taxcollections were $60,461,598, an increase of $2,719,435 or 4.7 percent compared to June 2009.

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

Business tax collections were $69,286,792, a decrease of $42,690,686 or 38.1 percent compared to June 2009 collections.

Tobacco taxcollections were $28,825,906, a decrease of $3,094,227 or 9.7 percent compared to June 2009.

Inheritance, gift & estate taxcollections were $3,093,344, a decrease of $2,048,668 or 39.8 percent compared to June 2009.

Income taxcollections were $934,579, a decrease of $1,130,915 or 54.8 percent compared to June 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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