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March 2009 Collections

For Immediate Release: April 8, 2009

TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS
OF MARCH 2009 COLLECTIONS

NASHVILLE - March 2009 collections of the Tennessee Department of Revenue were $779,485,855, a decrease of $87,244,358 or 10.1 percent from March 2008 collections.

Sales and use tax collections totaled $467,202,958, a decrease of $45,877,528 or 8.9 percent from March 2008 collections.

Collections from the retail trade group decreased 9.1 percent. Items with significant changes include:

  • Motor vehicle dealers and service stations: down 26.2 percent (with a 34.4 percent decline in the new, used motor vehicle sub-category item)
  • Building materials: down 18.5 percent
  • Miscellaneous stores: down 9.1 percent
  • Furniture & home furnishings stores: down 16.2 percent
  • General merchandise stores: up 2.0 percent

Collections from the service group decreased 13.4 percent from March 2008. The biggest contributors to the decline were hotel and lodging places (19.4 percent), business services (10.1 percent) and automotive repair, service & parking (12.7 percent).

Collections from the non-retail, non-services group decreased 6.3 percent led by losses in wholesale trade (22.8 percent) and manufacturing (27.6 percent), finance, insurance & real estate (148.1 percent), and construction (32.6 percent). These were partially offset by increases in communications (20.0 percent) and electric, gas, and sanitary services (11.0 percent).

Consumer use collections were $368,627, a decrease of $170,167 (31.6 percent) from March 2008.

Franchise and excise taxcollections were $131,694,997, a decrease of $30,051,858 or 18.6 percent when compared to March 2008. Separately, franchise tax collections were $45,665,380, a drop of $25,361,965 or 35.7 percent from last March. Excise tax collections were $86,029,617, a decrease of $4,689,892 or 5.2 percent from March 2008.

Privilege tax collections were $13,034,783, a decrease of $4,459,229 or 25.5 percent compared to March 2008 collections.

Inheritance estate tax collections were $8,532,784, a decrease of $2,505,378 or 22.7 percent compared to March 2008.

Gasoline tax collections were $43,771,253, a decrease of $2,053,497 or 4.5 percent compared to March 2008.

Income tax collections were $15,288,887, a decrease of $2,029,522 or 11.7 percent compared to March 2008.

TVA in-lieu of tax collections were $24,014,435, an increase of $2,002,816 or 9.1 percent compared to March 2008 collections.

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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