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September 2012 Collections

For Immediate Release:  October 11, 2012

TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS
OF SEPTEMBER 2012 COLLECTIONS

NASHVILLE - September 2012 collections of the Tennessee Department of Revenue were $1,078,111,057, an increase of $64,863,236 or 6.4 percent from September 2011 collections.

Sales and use tax collections totaled $570,755,375, an increase of $15,780,844 or 2.8 percent from September 2011 collections.

Collections from the retail trade group increased 6.1 percent. Items with significant changes include:

  • Motor vehicle dealers and service stations: up 9.4 percent (with a 11.7 percent increase in the new, used motor vehicle sub-category item)
  • Eating & drinking places: up 7.5 percent
  • Miscellaneous retail stores: up 7.0 percent
  • General merchandise stores: up 3.9 percent
  • Apparel & accessory stores: up 11.8 percent
  • Home furniture, stores: down 6.9 percent

Collections from the service group increased 0.6 percent from September 2011. There were no significant items this month; however three of the nine items were positive.

Collections from the non-retail, non-services group decreased 4.4 percent led by losses in manufacturing (15.3 percent) and communications (9.9 percent); somewhat offsetting was a gain in wholesale trade (7.4 percent).

Consumer use tax collections were $284,910, a decrease of $937,696 or 76.7 percent from September 2011.

Franchise and excise tax collections were $309,144,317, an increase of $56,383,360 or 22.3 percent compared to the collection in September 2011. Separately, franchise tax collections were $106,357,858, an increase of $23,006,897 or 27.6 percent from last September. Excise tax collections were $202,786,459, an increase of $33,376,462 or 19.7 percent from September 2011.

Privilege tax collections were $20,676,227, an increase of $5,328,823 or 34.7 percent compared to September 2011.

TVA - In Lieu of tax collections were $35,749,688, an increase of $3,484,677 or 10.8 percent compared to September 2011.

Inheritance, gift & estate tax collections were $7,373,329, a decrease of $12,939,794 or 63.7 percent compared to September 2011.

Tobacco tax collections were $22,726,165, a decrease of $1,843,451 or 7.5 percent compared to September 2011.

Motor vehicle registration tax collections were $19,083,146, a decrease of $1,546,284 or 7.5 percent compared to September 2011.

Gasoline tax collections were $51,938,331, a decrease of $1,046,519 or 2.0 percent compared to September 2011.

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 88 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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