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May 2013 Collections

For Immediate Release:  June 25, 2013

TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS
OF MAY 2013 COLLECTIONS

NASHVILLE - May 2013 collections of the Tennessee Department of Revenue were $905,320,234, an increase of $34,187,534 or 3.9 percent from May 2012 collections.

Sales and use tax collections totaled $584,794,951, an increase of $22,323,270 or 4.0 percent from May 2012 collections.

Collections from the retail trade group increased 3.2 percent. Items with significant changes include:

  • Motor vehicle dealers and service stations: up 8.1 percent (with a 7.4 percent increase in the new, used motor vehicle sub-category item)
  • Miscellaneous retail stores: up 6.5 percent
  • Eating & drinks places: up 5.3 percent
  • Building materials: up 5.9 percent
  • General merchandise stores: down 3.1 percent

Collections from the service group increased 4.9 percent from May 2012. The gain was led by business services (16.4 percent). Somewhat offsetting the gain was a loss in hotel and lodging places (10.8 percent).

Collections from the non-retail, non-services group increased 4.9 percent led by gains in wholesale trade (8.4 percent), electric, gas & sanitary services (5.5 percent) and communications (2.6 per cent).

Consumer use tax collections were $369,416, a decrease of $111,683 or 23.2 percent from May 2012.

Franchise and excise tax collections were $45,271,185, an increase of $4,697,539 or 11.6 percent compared to the collection in May 2012.

Inheritance, gift & estate tax collections were $22,473,953, an increase of $13,590,385 or 153.0 percent compared to May 2012.

Business tax collections were $47,434,802, an increase of $2,522,741 or 5.6 percent compared to May 2012.

Privilege tax collections were $49,597,403, an increase of $1,965,024 or 4.1 percent compared to May 2012.

Tobacco tax collections were $21,325,173, a decrease of $4,590,728 or 17.7 percent compared to May 2012.

Gasoline tax collections were $51,061,515, a decrease of $3,636,006 or 6.7 percent compared to May 2012.

Income tax collections were $4,038,409, a decrease of $1,560,655 or 27.9 percent compared to May 2012.

Motor vehicle fuel tax collections were $11,374,548, a decrease of $1,402,850 or 11.0 percent compared to May 2012.

TVA - In Lieu of tax collections were $27,297,241, a decrease of $1,364,651 or 4.8 percent compared to May 2012.

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 87 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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