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October 2010 Collections

For Immediate Release: November 10, 2010

TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS
OF OCTOBER 2010 COLLECTIONS

NASHVILLE - October 2010 collections of the Tennessee Department of Revenue were $732,815,402, an increase of $34,566,538 or 5.0 percent from October 2009 collections. 

Sales and use tax collections totaled $536,923,389, an increase of $32,191,177 or 6.4 percent from October 2009 collections.  

Collections from the retail trade group increased 7.0 percent.  Items with significant changes include:

  • Motor vehicle dealers and service stations: up 23.8 percent (with a 28.2 percent increase in the new, used motor vehicle sub-category item)
  • Eating & drinking places: up 4.3 percent
  • Food stores: up 4.4 percent
  • Furniture, home furnishing &  equipment: up 9.4 percent
  • Building materials stores: up 5.3 percent
  • Miscellaneous retail stores: up 2.8 percent
  • General merchandise stores: up 2.2 percent

Collections from the service group increased 2.8 percent from October 2009. The biggest contributor to the increase was other services (65.9 percent); somewhat offsetting this gain was health services (121.1 percent).  

Collections from the non-retail, non-services group increased 4.9 percent led by gains in wholesale trade (11.9 percent), electric, gas & sanitary services (17.4 percent) and manufacturing (10.9 percent).  Finance, insurance & real estate fell (56.2 percent), as did construction (21.6 percent).    

Consumer use tax collections were $226,607, a decrease of $337,306 or 59.8 percent from October 2009.

Flood relief tax rebate was $145, 586 for October 2010 for taxpayers affected.

Franchise and excise tax collections were $9,368,683, a decrease of $2,571,547 or 21.5 percent compared to the collection in October 2009.  Separately, franchise tax collections were a negative $17,785,704, a decrease of $31,039,874 or 234.2 percent from last October.  Excise tax collections were $27,154,386, an increase of $28,468,327 or 2,166.6 percent from October 2009.

Inheritance, gift & estate tax collections were $12,097,640, an increase of $7,103,713 or 142.3 percent compared to October 2009.

Privilege tax collections were $19,740,041, an increase of $1,220,844 or 6.6 percent compared to October 2009.

Gasoline tax collections were $49,960,548, a decrease of $3,582,051 or 6.7 percent compared to October 2009 collections.

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 91 percent of total state tax revenue. During the 2009-2010 fiscal year, the department collected $10.1 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 2009-2010 fiscal year, local government collections by the Department of Revenue exceeded $1.9 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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