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December 2010 Collections

For Immediate Release:  January 14, 2011

TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS
OF DECEMBER 2010 COLLECTIONS

NASHVILLE - December 2010 collections of the Tennessee Department of Revenue were $828,581,993, an increase of $61,902,835 or 8.1 percent from December 2009 collections.

Sales and use tax collections totaled $502,477,636, an increase of $12,377,854 or 2.5 percent from December 2009 collections.

Collections from the retail trade group increased 2.2 percent.  Items with significant changes include:

  • Motor vehicle dealers and service stations: up 13.6 percent (with a 15.3 percent increase in the new, used motor vehicle sub-category item)
  • General merchandise stores: up 3.4 percent
  • Building materials stores: up 4.9 percent
  • Furniture, home furnishings & equipment: down 20.4 percent
  • Miscellaneous retail stores: down 3.0 percent

Collections from the service group decreased 4.7 percent from December 2009. The biggest contributor to the decrease was business services (11.1 percent).

Collections from the non-retail, non-services group increased 2.6 percent led by gains in wholesale trade (10.3 percent) and electric, gas & sanitary services (10.9 percent).  Partially offsetting these gains were losses in finance, insurance & real estate (62.5 percent) and communications (3.4 percent).

Consumer use tax collections were $272,494, which were equal to the collections in December 2009.

Flood relief tax rebate was $456, 488 for December 2010 for taxpayers affected.

Franchise and excise tax collections were $151,509,043, an increase of $37,229,485 or 32.6 percent compared to the collection in December 2009.  Separately, franchise tax collections were $15,169,246, a decrease of $36,890,514 or 70.9 percent from last December.  Excise tax collections were $136,339,796, an increase of $74,119,998 or 119.1 percent from December 2009.

Tobacco collections were $26,787,633, an increase of $6,719,126 or 33.5 percent compared to December 2009.

Business tax collections were $4,296,692, an increase of $2,985,941 or 227.8 percent compared to December 2009 collections.

Income tax collections were $5,147,420, an increase of $2,776,670 or 117.1 percent compared to December 2009 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 91 percent of total state tax revenue. During the 2009-2010 fiscal year, the department collected $10.1 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 2009-2010 fiscal year, local government collections by the Department of Revenue exceeded $1.9 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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