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October 2009 Collections

For Immediate Release:  November 9, 2009

TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS
OF OCTOBER 2009 COLLECTIONS

NASHVILLE - October 2009 collections of the Tennessee Department of Revenue were $698,248,864, a decrease of $10,847,416 or 1.5 percent from October 2008 collections.

Sales and use tax tax collections totaled $504,732,212, a decrease of $42,709,143 or 7.8 percent from October 2008 collections.

Collections from the retail trade group decreased 5.6 percent.  Items with significant changes include:

  • Motor vehicle dealers and service stations: down 13.8 percent (with a 21.1 percent decline in the new, used motor vehicle sub-category item)
  • Building materials: down 15.6 percent
  • Furniture & home furnishings stores: down 10.1 percent
  • Miscellaneous stores: down 3.0 percent
  • Food stores: down 3.3 percent

Collections from the service group decreased 9.7 percent from October 2008. The biggest contributors to the decline were business services (17.9 percent) and other services (28.6 percent).

Collections from the non-retail, non-services group decreased 14.9 percent led by losses in wholesale trade (21.9 percent), manufacturing (26.1 percent), transportation (52.5 percent), electric, gas & sanitary services (9.6 percent), and communications (4.7 percent).  Partially offsetting these losses was finance, insurance & real estate (91.1 percent).

Consumer use collections were $563,913, an increase of $286,619 (103.4 percent) from October 2008.

Franchise and excise tax taxcollections were $11,940,230, an increase of $29,897,892 or165.5 percent over a negative collection in October 2008.  Separately, franchise tax collections were $13,254,170, a decrease of $13,584,260 or 50.6 percent from last October.  Excise tax collections were a negative $1,313,941, an increase of $43,482,152 or 97.1 percent from October 2008.

Gasoline collections were $53,542,599, an increase of $10,057,154 or 23.1 percent compared to October 2008.

TVA in-lieu of tax collections were $26,498,172, an increase of $2,483,736 or 10.3 percent compared to October 2008 collections.

Inheritance, gift & estate tax collections were $4,993,927, a decrease of $3,502,267 or 41.2 percent compared to October 2008.

Privilege tax collections were $18,519,197, a decrease of $2,750,789 or 12.9 percent compared to October 2008.

Income tax collections were $2,577,813, a decrease of $2,053,955 or 44.3 percent compared to October 2008 collections.

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 2008-2009 fiscal year, the department collected $10.2 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 2008-2009 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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