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July 2012 Collections

For Immediate Release:  August 10, 2012

TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS
OF JULY 2012 COLLECTIONS

NASHVILLE - July 2012 collections of the Tennessee Department of Revenue were $880,916,495, an increase of $37,623,808 or 4.5 percent from July 2011 collections.

Sales and use tax collections totaled $613,858,234, an increase of $19,587,460 or 3.3 percent from July 2011 collections.

Collections from the retail trade group increased 4.9 percent. Items with significant changes include:

  • Eating & drinking places: up 9.1 percent
  • Motor vehicle dealers and service stations: up 6.2 percent (with a 6.3 percent increase in the new, used motor vehicle sub-category item)
  • Miscellaneous retail stores: up 6.1 percent
  • Food stores: up 4.3 percent
  • General merchandise stores: up 2.1 percent
  • Apparel & accessory stores: up 5.9 percent

Collections from the service group increased 7.5 percent from July 2011. The major contributors to this gain were amusement and recreation services (61.9 percent), hotel and lodging places (11.1 percent), and business services (6.3 percent).

Collections from the non-retail, non-services group decreased 6.2 percent led by losses in communications (9.8 percent), wholesale trade (6.8 percent), manufacturing (7.0 percent), and transportation (34.8 percent).

Consumer use tax collections were $331,140, an increase of $135,764 or 69.5 percent from July 2011.

Disaster relief tax rebates were $975 in July 2012 for taxpayers affected by the May 2010 flood, July 2011 disaster relief, and the sales tax rebate on storm shelters.

Franchise and excise tax collections were $54,736,934, an increase of $4,350,684 or 8.6 percent compared to the collection in July 2011. Separately, franchise tax collections were $24,960,911, an increase of $6,168,519 or 32.8 percent from last July. Excise tax collections were $29,776,023, a decrease of $1,817,835 or 5.8 percent from July 2011.

Gross receipts tax collections were $15,139,771, an increase of $5,248,440 or 53.1 percent compared to July 2011.

Privilege tax collections were $22,187,801, an increase of $3,472,851 or 18.6 percent compared to July 2011.

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

Gasoline tax collections were $55,036,136, an increase of $2,564,068 or 4.9 percent compared to July 2011.

Motor vehicle fuel tax collections were $16,621,437, an increase of $1,394,420 or 9.2 percent compared to July 2011.

Income tax collections were $1,001,366, an increase of $1,146,588 or 789.5 percent compared to July 2011.

Tobacco tax collections were $23,351,003, a decrease of $2,147,168 or 8.4 percent compared to July 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 2012 fiscal year, the department collected $11.4 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 2012 fiscal year, local government collections by the Department of Revenue were $2.2 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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