TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS OF
NOVEMBER 2007 COLLECTIONS

NASHVILLE, Tenn. –  November 2007 collections of the Tennessee Department of Revenue were $819,741,644, an increase of $66,395,439 or 8.8 percent over November 2006 collections. 

Sales and use tax collections totaled $559,374,112, an increase of $23,622,205 or 4.4 percent over the November 2006 collections. 

Collections from the retail trade group increased 2.3 percent.  Items with significant changes include:  

• Motor vehicle dealers and service stations: up 6.3 percent (with a 3.3 percent increase in the new, used motor vehicle sub-category item)
• Food stores: up 7.3 percent
• Miscellaneous retail: up 3.2 percent
• Eating and drinking places: 2 percent
• General merchandise stores: 1.5 percent
• Building materials: down 9.4 percent

Collections from the service group increased 7 percent led by gains in business services (up 13.4 percent).

Collections from the non-retail, non-services group increased 7.3 percent led by gains in communications (up 13.2 percent), electric, gas and sanitation services (up 10.3 percent), and manufacturing (up 6.4 percent).

Consumer use collections were $283,142, a decline of $131,093 (31.6 percent) from November 2006.

Franchise and excise tax collections were $81,954,113, an increase of $33,312,540 or 68.5 percent when compared to November 2006.  Separately, franchise tax collections were $40,596,047, an increase of $14,951,018 or 58.3 percent over last November.  The excise tax collection was $41,358,067, an increase of $18,361,522 or 79.8 percent from November 2006.

Tobacco tax collections were $26,589,708, an increase of $15,886,661 or 148.4 percent over the collection of November 2006.

Gasoline tax collections were $50,778,131, an increase of $3,133,823 or 6.6 percent over November last year.

Motor vehicle registration tax collections amounted to $18,111,716, an increase of $1,110,376 or 6.5 percent over last November.

Inheritance and estate tax collections were $5,174,290, a decrease of $8,944,711 or 63.4 percent from November last year.

Privilege tax collections were $21,544,263, a decrease of $3,423,404 or 13.7 percent compared to November of last year.

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 2006-2007 fiscal year, the department collected $11.0 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 2006-2007 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.Tennessee.gov/revenue.

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