» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X

Forgot your password?
Skip Navigation LinksHome > Article
VOL. 38 | NO. 6 | Friday, February 07, 2014

Tennessee's January tax collections fall short

Print | Front Page | Email this story

NASHVILLE (AP) — Tennessee Finance Commissioner Larry Martin says the state's overall tax collections fell below budgeted expectations in January.

The commissioner said in a news release on Wednesday that collections were $52 million less than the state budgeted.

State sales tax collections grew by 5 percent in January, but state revenues still fell short of predictions because of another poor month of corporate tax collections.

Franchise and excise taxes came in at $49 million below estimates in January, which reflects economic activity in the previous month.

Corporate taxes have come in $207 million below projections through the first six months of the budget year, accounting for nearly all of the $220 million shortfall in the state's general fund.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0