Gov't
Treasurer Reports State Tax Receipts Upward for Fiscal Year
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From the office of John Kennedy, State Treasurer
BATON ROUGE, LA – Total state revenues collected by the Louisiana Department of Revenue rose $96 million, a 4 percent increase in revenues compared to this time last year.
The October 2011 Net Receipts Report shows that total state revenues for fiscal year 2010-2011 to-date (July – October, or one-third of the fiscal year) are $2.360 billion. Total revenues this time last year were $2.264 billion.
Sales tax receipts for the current fiscal year to-date are $869 billion, for an increase of $4 million or less than 1 percent compared to this time last year. Sales tax receipts this time last year were $865 million.
Individual income tax receipts for FY 2011-2012 to-date are $931 million, for an increase of $128 million or 16 percent compared to this time last year. Individual income tax receipts this time last year were $803 million.
Severance tax receipts for FY 2011-2012 to-date are $240 million, for a decrease of $10 million or 4 percent compared to this time last year. Severance tax receipts this time last year were $250 million.
Corporation and franchise tax receipts for FY 2011-2012 to-date are $54 million, for a decrease of $7 million or 11 percent compared to this time last year. Corporation and franchise tax receipts this time last year were $61 million.
Gasoline and special fuels tax receipts for FY 2011-2012 to-date are $185 million, for a decrease of $23 million or 11 percent compared to this time last year. Gasoline and special fuels tax receipts this time last year were $208 million.
Miscellaneous taxes receipts for FY 2011-2012 to-date are $76 million, unchanged from this time last year.
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