For Immediate Release: September 10, 2010
TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS
OF AUGUST 2010 COLLECTIONS
NASHVILLE - August 2010 collections of the Tennessee Department of Revenue were $749,284,543, an increase of $22,363,040 or 3.1 percent from August 2009 collections.
Sales and use tax collections totaled $535,126,694, an increase of $16,877,391 or 3.3 percent from August 2009 collections.
Collections from the retail trade group increased 4.2 percent. Items with significant changes include:
Collections from the service group increased 1.4 percent from August 2009. The biggest contributor to the increase was other services (58.9 percent); this increase was somewhat offset by a decrease in business services (9.2 percent).
Collections from the non-retail, non-services group increased 1.0 percent led by gains in wholesale trade (10.5 percent) and electric, gas & sanitary services (11.8 percent). Gains were almost offset by declines in transportation (77.2 percent) and communications (4.7 percent).
Consumer use tax collections were $236,629, a decrease of $67,926 or 4.9 percent from August 2009.
Flood relief tax rebate was $31,179 for August 2010 for taxpayers affected.
Franchise and excise tax collections were $11,522,271, a decrease of $9,357,393 or 44.8 percent compared to the collection in August 2009. Separately, franchise tax collections were a negative $5,014,108, a decrease of $21,116,452 or 131.1 percent from last August. Excise tax collections were $16,536,380, an increase of $11,759,059 or 246.1 percent from August 2009.
Business tax collections were $13,867,986, an increase of $12,589,251 or 984.5 percent compared to August 2009.
TVA in-lieu of tax collections were $26,498,172, an increase of $2,483,736 or 10.3 percent compared to August 2009 collections.
Motor vehicle registration tax collections were $20,188,038, an increase of $1,612,061 or 8.7 percent compared to August 2009 collections.
Motor vehicle fuel tax collections were $12,410,082, an increase of $1,391,655 or 12.6 percent compared to August 2009 collections.
Inheritance, gift & estate tax collections were $6,978,224, an increase of $1,349,218 or 24.0 percent compared to August 2009.
Tobacco tax collections were $26,120,264, an increase of $1,308,845 or 5.3 percent compared to August 2009.
Gross receipts tax collections (excluding TVA) were $9,189,283, a decrease of $3,511,841 or 27.7 percent compared to August 2009.
Privilege tax collections were $13,756,520, a decrease of $2,440,808 or 15.1 percent compared to August 2009.
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 91 percent of total state tax revenue. During the 2009-2010 fiscal year, the department collected $10.1 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 2009-2010 fiscal year, local government collections by the Department of Revenue exceeded $1.9 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.