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July 2013 Collections

For Immediate Release:  August 14, 2013

TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS
OF JULY 2013 COLLECTIONS

NASHVILLE - July 2013 collections of the Tennessee Department of Revenue were $919,826,843, an increase of $38,910,348 or 4.4 percent from July 2012 collections.

Sales and use tax collections totaled $634,841,867, an increase of $20,983,633 or 3.4 percent from July 2012 collections.

Collections from the retail trade group increased 1.5 percent. Items with significant changes include:

  • Motor vehicle dealers and service stations: up 5.5 percent (with a 5.4 percent increase in the new, used motor vehicle sub-category item)
  • Eating & drinking places: up 2.6 percent
  • Building materials: up 3.8 percent
  • Miscellaneous retail stores: down 1.6 percent

Collections from the service group increased 9.8 percent from July 2012 led by gains in other services (124.3 percent) and business services (9.6 percent).

Collections from the non-retail, non-services group increased 2.3 percent led by gains in manufacturing (9.8 per cent) and wholesale trade (2.7 percent).

Consumer use tax collections were $946,769, an increase of $616,604 or 186.8 percent from July 2012.

Franchise and excise tax collections were $66,528,755, an increase of $11,791,822 or 21.5 percent compared to the collection in July 2012.

Inheritance, gift & estate tax collections were $10,017,385, an increase of $3,363,578 or 50.6 percent compared to July 2012.

Tobacco tax collections were $25,984,898, an increase of $2,633,896 or 11.3 percent compared to July 2012.

Gasoline tax collections were $57,417,432, an increase of $2,381,296 or 4.3 percent compared to July 2012.

TVA - In Lieu of tax collections were $27,297,241, a decrease of $1,364,651 or 4.8 percent compared to July 2012.

Motor vehicle fuel tax collections were $15,268,529, a decrease of $1,352,908 or 8.1 percent compared to July 2012.

Gross receipts tax collections were $14,102,928, a decrease of $1,036,843 or 6.9 percent compared to July 2012.

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 87 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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