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January 2012 Collections

For Immediate Release:  February 9, 2012

TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS
OF JANUARY 2012 COLLECTIONS

NASHVILLE - January 2012 collections of the Tennessee Department of Revenue were $1,056,321,447, an increase of $58,984,602 or 5.9 percent from January 2011 collections.

Sales and use tax collections totaled $710,227,711, an increase of $49,344,116 or 7.5 percent from January 2011 collections.

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

  • Motor vehicle dealers and service stations: up 14.8 percent (with a 17.9 percent increase in the new, used motor vehicle sub-category item)
  • Miscellaneous retail stores: up 7.6 percent
  • Eating & drinking places: up 9.1 percent
  • Food stores: up 6.9 percent
  • Building materials stores: up 13.6 percent
  • Home furniture, furniture and equipment stores: up 5.2 percent
  • Apparel & accessory stores: up 4.9 percent

Collections from the service group increased 2.2 percent from January 2011. The major contributor to this gain was automotive repair, services & parking (10.3 percent). Offsetting the gain was a decline in business services (5.3 percent).

Collections from the non-retail, non-services group increased 3.7 percent led by gains in wholesale trade (7.7 percent), manufacturing (9.0 percent) and construction (22.9 percent). These gains were somewhat offset by a decline in communications (3.8 percent).

Consumer use tax collections were $683,202, a decrease of $39,554 or 5.5 percent from January 2011.

Disaster relief tax rebate was $1,925 in January 2012 for taxpayers affected by the May 2010 flood, April 2011 disaster relief, and the sales tax rebate on storm shelters.

Franchise and excise tax collections were $157,327,685, a decrease of $2,832,657 or 1.8 percent compared to the collection in January 2011. Separately, franchise tax collections were $53,830,204, a decrease of $33,957,205 or 38.7 percent from last January. Excise tax collections were $103,497,481, an increase of $31,124,548 or 43.0 percent from January 2011.

Inheritance, gift & estate tax collections were $8,281,400, an increase of $3,673,031 or 79.7 percent compared to January 2011.

Privilege tax collections were $21,818,807, an increase of $3,359,403 or 18.2 percent compared to January 2011.

Gasoline tax collections were $52,861,888, an increase of $3,064,031 or 6.2 percent compared to January 2011.

TVA - In Lieu of tax collections were $28,661,892, an increase of $2,566,579 or 9.8 percent compared to January 2011.

Motor vehicle registration tax collections were $19,486,170, an increase of $1,488,637 or 8.3 percent compared to January 2011.

Beer tax collections were $1,221,915, a decrease of $1,408,917 or 53.6 percent compared to January 2011.

Income tax collections were $2,147,091, a decrease of $1,019,046 or 32.2 percent compared to January 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 2011 fiscal year, the department collected $10.4 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 2011 fiscal year, local government collections by the Department of Revenue exceeded $2.0 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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