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January 2013 Collections

For Immediate Release:  February 12, 2013

TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS
OF JANUARY 2013 COLLECTIONS

NASHVILLE - January 2013 collections of the Tennessee Department of Revenue were $1,073,903,214, an increase of $17,581,766 or 1.7 percent from January 2012 collections.

Sales and use tax collections totaled $708,092,044, a decrease of $2,135,667 or 0.3 percent from January 2012 collections.

Collections from the retail trade group decreased 0.8 percent. Items with significant changes include:

  • Eating & drinking places: up 4.9 percent
  • Apparel & accessory stores: up 5.8 percent
  • General merchandise stores: down 3.3 percent
  • Motor vehicle dealers and service stations: down 0.9 percent (with a 1.8 percent decrease in the new, used motor vehicle sub-category item)

Collections from the service group decreased 3.3 percent from January 2012. The loss was led by business services (6.0 percent) and automotive repair, service & parking (5.8 percent).

Collections from the non-retail, non-services group increased 0.2 percent led by a gain in manufacturing (8.0 percent).  Meanwhile, communications was the only significant loser (8.7 percent).

Consumer use tax collections were $612,394, a decrease of $70,808 or 10.4 percent from January 2012.

Franchise and excise tax collections were $172,149,293, an increase of $14,821,608 or 9.4 percent compared to the collection in January 2012.  Separately, franchise tax collections were $60,556,119, an increase of $6,725,915 or 12.5 percent from last January.  Excise tax collections were $111,593,174, an increase of $8,095,693 or 7.8 percent from January 2012.

Income tax collections were $5,837,409, an increase of $3,690,318 or 171.9 percent compared to January 2012.

Motor vehicle registration tax collections were $20,674,257, an increase of $1,188,088 or 6.1 percent compared to January 2012.

Privilege tax collections were $23,020,626, an increase of $1,201,819 or 5.5 percent compared to January 2012.

TVA – In Lieu of tax collections were $27,297,241, a decrease of $1,364,651 or 4.8 percent compared to January 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 88 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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