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December 2012 Collections

For Immediate Release:  January 11, 2013

TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS
OF DECEMBER 2012 COLLECTIONS

NASHVILLE - December 2012 collections of the Tennessee Department of Revenue were $982,200,235, an increase of $16,542,672 or 1.7 percent from December 2011 collections.

Sales and use tax collections totaled $563,391,827, an increase of $26,856,577 or 5.0 percent from December 2011 collections.

Collections from the retail trade group increased 4.4 percent. Items with significant changes include:

  • Motor vehicle dealers and service stations: up 7.2 percent (with a 6.6 percent increase in the new, used motor vehicle sub-category item)
  • Miscellaneous retail stores: up 6.4 percent
  • Eating & drinking places: up 6.0 percent
  • Building materials stores: up 6.7 percent
  • Apparel & accessory stores: up 6.8 percent

Collections from the service group increased 6.0 percent from December 2011. The gain was led by business services (13.6 percent) with most of the other items showing positive gains.

Collections from the non-retail, non-services group increased 1.7 percent led by gains in manufacturing (21.7 percent) and wholesale trade (4.3 percent). Meanwhile, communications was the only significant loser (9.9 percent).

Consumer use tax collections were $288,306, a decrease of $118,211 or 29.1 percent from December 2011.

Franchise and excise tax collections were $243,013,615, a decrease of $14,332,220 or 5.6 percent compared to the collection in December 2011. Separately, franchise tax collections were $82,499,954, a decrease of $8,518,042 or 9.4 percent from last December. Excise tax collections were $160,513,661, a decrease of $5,814,178 or 3.5 percent from December 2011.

Privilege tax collections were $18,241,285, an increase of $4,772,074 or 35.4 percent compared to December 2011.

Income tax collections were $5,344,720, an increase of $3,039,123 or 131.8 percent compared to December 2011.

Inheritance, gift & estate tax collections were $6,386,517, an increase of $2,240,327 or 54.0 percent compared to December 2011.

Gasoline tax collections were $47,595,302, a decrease of $4,550,857 or 8.7 percent compared to December 2011.

TVA – In Lieu of tax collections were $27,297,241, a decrease of $1,364,651 or 4.8 percent compared to December 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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