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November 2008 Collections

For Immediate Release: December 10, 2008

TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS
OF NOVEMBER 2008 COLLECTIONS

NASHVILLE - November 2008 collections of the Tennessee Department of Revenue were $711,852,248, a decrease of $107,889,396 or 13.2 percent from November 2007 collections.

Sales and use tax collections totaled $516,640,665, a decrease of $42,733,447 or 7.6 percent from November 2007 collections.

Collections from the retail trade group decreased 9.8 percent. Items with significant changes include:

  • Motor vehicle dealers and service stations: down 27.6 percent (with a 34.6 percent decline in the new, used motor vehicle sub-category item)
  • Miscellaneous retail: down: 8.6 percent
  • Furniture and home furnishings: down 17.5 percent
  • Building materials: down: 8.4 percent
  • Eating & drinking places: down 3.2 percent
  • Apparel & accessory stores: down 9.0 percent
  • General merchandise stores: down 2.2 percent

Collections from the service group decreased 5.5 percent from November 2007. No categories had significant improvement; those having declining activity were business services (down 7.1 percent), auto repair, service and parking (down 9.1 percent), and hotel and lodging places (down 8.3 percent).

Collections from the non-retail, non-services group fell 3.9 percent led by losses in manufacturing (19.3 percent) and wholesale trade (8.0 percent); these were partially offset by the gain in electric, gas & sanitary services (16.5 percent).

Consumer use collections were $233,693, a decrease of $49,449 (17.5 percent) from November 2007.

Franchise and excise tax collections were $20,508,186, a decrease of $61,445,927 or 75.0 percent when compared to November 2007. Separately, franchise tax collections were $3,718,449, a decrease of $36,877,598 or 90.8 percent from last November. The excise tax collection was $16,789,737, a decrease of $24,568,330 or 59.4 percent from November 2007.

Gasoline tax collections were $56,140,309, an increase of $5,362,178 or 10.6 percent compared to November 2007.

TVA in-lieu-of tax payments were $24,014,435, an increase of $2,002,816 or 9.1 percent compared to November 2007.

Privilege tax collections were $14,897,918, a decrease of $6,646,345 or 30.9 percent compared to November 2007.

Motor vehicle registration collections were $15,582,058, a decrease of $2,529,657 or 14.0 percent compared to November 2007.

Tobacco tax collections were $25,145,632, a decrease of $1,444,076 or 5.4 percent from the collection of November 2007.

Motor vehicle fuel tax collections were $14,792,832, a decrease of $1,242,518 or 7.8 percent compared to November 2007.

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 2007-2008 fiscal year, the department collected $11.2 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 2007-2008 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.TN.gov/revenue.

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