MONTHLY REVENUES, TC-23

Year-end revenues collected by the State Tax Commission, FY 1996-97
Footnotes are integral 1 2 3 4 5 6 7
to this report FY1996 FY1997 FY1997 FY 1996 FY1997 FY 1997 FY1997 Net Collections
ACTUAL LEGISLATIVE LEGISLATIVE YEAR-TO- YEAR-TO- CURRENT LEGISLATIVE EXCESS
MAJOR TAX SOURCES NET ESTIMATE ESTIMATE DATE DATE GROWTH GROWTH (DEFICIT)
(In Millions of Dollars) REVENUES 2/23/96 2/20/97 7/8/97 2/20/97 Year-to-date
Preliminary Col 4 / Col 1 Col 3 / Col 1 (Million $)
SALES AND USE TAXES 1,162.52 1,240.90 1,261.30 1,250.82 7.6% 8.5% ($10.48) *
INDIVIDUAL INCOME TAX 1,139.32 1,191.10 1,215.28 1,237.90 8.7% 6.7% $22.62 **
CORPORATE FRANCHISE TAX 168.43 175.14 174.02 183.06 8.7% 3.3% $9.04
BEER, CIGARETTE & TOBACCO 37.03 41.00 38.50 41.97 13.3% 4.0% $3.47
INSURANCE PREMIUM TAXES 40.13 49.00 42.00 43.50 8.4% 4.7% $1.50
SEVERANCE TAXES 20.36 20.80 18.50 25.18 23.7% -9.1% $6.68 ***
GENERAL & USF FUNDS 2,567.79 2,717.94 2,749.60 2,782.43 8.4% 7.1% $32.83
MOTOR FUEL TAX 163.17 169.00 169.00 168.58 3.3% 3.6% ($0.42)
SPECIAL FUEL TAX 43.68 46.50 46.70 50.78 16.3% 6.9% $4.08
TRANSPORTATION FUND 206.85 215.50 215.70 219.36 6.0% 4.3% $3.66

Last Update: 8/1/97

Name: -Doug Macdonald

Email: dmacdona@email.state.ut.us