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January 2011 Collections

For Immediate Release:  March 2, 2011

TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS
OF JANUARY 2011 COLLECTIONS

NASHVILLE – January 2011 collections of the Tennessee Department of Revenue were $997,336,845, an increase of $50,147,994 or 5.3 percent from January 2010 collections.

Sales and use tax collections totaled $660,883,595, an increase of $27,448,671 or 4.3 percent from January 2010 collections.

Collections from the retail trade group increased 3.0 percent.  Items with significant changes include:

  • Motor vehicle dealers and service stations: up 12.7 percent (with a 14.1 percent increase in the new, used motor vehicle sub-category item)
  • Miscellaneous retail stores: up 2.9 percent
  • Food stores: up 3.4 percent

Collections from the service group increased 8.4 percent from January 2010. The biggest contributor to the improvement was business services (24.0 percent).

Collections from the non-retail, non-services group increased 6.4 percent led by gains in wholesale trade (10.6 percent), manufacturing (10.8 percent) and electric, gas & sanitary services (14.8 percent).  Partially offsetting these gains was a loss in communications (5.1 percent).

Consumer use tax collections were $722,756, an increase of $33,501 or 4.9 percent from January 2010.

Flood relief tax rebate was $1,142,706 for January 2011 for taxpayers affected.

Franchise and excise tax collections were $160,160,342, an increase of $20,387,463 or 14.6 percent compared to the collection in January 2010.  Separately, franchise tax collections were $87,787,409, an increase of $35,672,310 or 68.5 percent from last January.  Excise tax collections were $72,372,933, a decrease of $15,284,847 or 17.4 percent from January 2010.

Gasoline tax collections were $49,797,857, an increase of $2,658,676 or 5.6 percent compared to January 2010.

Beer tax collections were $2,630,832, an increase of $1,179,877 or 81.3 percent compared to January 2010.

Motor vehicle registration collections were $17,997,533, an increase of $1,092,099 or 6.5 percent compared to January 2010.

Tobacco tax collections were $18,914,459, a decrease of $3,436,274 or 15.4 percent compared to January 2010.

Inheritance, gift and estate tax collections were $4,608,368, a decrease of $1,954,549 or 29.8 percent compared to January 2010.

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.

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