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September 2008 Collections

For Immediate Release: October 9, 2008

TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS
OF SEPTEMBER 2008 COLLECTIONS

NASHVILLE - September 2008 collections of the Tennessee Department of Revenue were $976,739,861, a decrease of $87,312,287 or 8.2 percent from September 2007 collections.

Sales and use tax collections totaled $553,626,710, a decrease of $19,619,177 or 3.4 percent from September 2007 collections.

Collections from the retail trade group decreased 3.8 percent. Items with significant changes include:

  • Miscellaneous retail: up 6.4 percent
  • Motor vehicle dealers and service stations: down 13.3 percent (with a 17.0 percent decline in the new, used motor vehicle sub-category item)
  • Building materials: down 14.0 percent

Collections from the service group decreased 8.7 percent from September 2007. The biggest contributor to the decline is personal services, down by 62.8 percent.

Collections from the non-retail, non-services group decreased 3.2 percent led by lost in manufacturing (down 10.2 percent), communications (down 5.3 percent) and wholesale trade (down 4.9 percent).

Consumer use collections were $269,865, an increase of $5,558 (2.1 percent) from September 2007.

Franchise and excise tax collections were $243,528,781, a decrease of $51,134,480 or 17.4 percent when compared to September 2007. Separately, franchise tax collections were $92,807,201, a drop of $10,101,521 or 9.8 percent from last September. Excise tax collections were $150,721,580, a decrease of $41,032,960 or 21.4 percent from September 2007.

Tobacco tax collections were $27,319,827, an increase of $6,713,803 or 32.6 percent over the collection of September 2007.

Gross receipts tax collections were $30,413, a decrease of $114,231 or 79.0 percent compared to September 2007.

Privilege tax collections were $19,431,871, a decrease of $5,840,374 or 23.1 percent compared to September 2007.

Gasoline tax collections were $51,141,858, a decrease of $4,911,809 or 8.8 percent compared to September 2007.

Motor vehicle registration tax collections were $19,909,113, an increase of $131,577 or 0.7 percent compared to September 2007.

Inheritance and estate tax collections were $6,820,740, a decrease of $742,080 or 9.8 percent from September 2007.

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 92 percent of total state tax revenue. During the 2007-2008 fiscal year, the department collected $11.2 billion in state taxes and fees. In addition to collecting state taxes, $1.9 billion of local sales tax was collected by the department for local governments during the 2007-2008 fiscal year. Besides 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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