BATON ROUGE, La. – The April 2016 Net Receipts Report shows that total state revenue thus far for 2015-2016 was $5.947 billion, an 8% decrease compared to that time last year.

Even though revenue is down compared to this time last year, several areas of tax collections are growing from one month to the next. Corporation and franchise tax collections no longer are a negative. Sales tax, individual income tax and gasoline and special fuels tax collections grew compared to previous months. Miscellaneous taxes – which include automobile rental, telecommunication, gift and soft drink taxes – also improved.

The report includes receipts for sales tax, individual income tax, general severance tax, corporation and franchise tax, gasoline and special fuels tax and miscellaneous taxes cash receipts. The report does not include gambling revenues, fees, self-generated revenue and statutory dedications.

General sales tax cash receipts for FY 2015-2016 to-date are $2.280 billion, for a decrease of $20 million or 1% compared to last year. General sales tax cash receipts this time last year were $2.300 billion, which was $100 million more than the prior year. Individual income tax cash receipts for FY 2015-2016 to-date are $2.335 billion, for a decrease of $10 million or 0% compared to last year.

Individual income tax cash receipts this time last year were $2.345 billion, which was $59 million more than the prior year.

General severance tax cash receipts for FY 2015-2016 to-date are $386 million, for a decrease of $265 million or 41% compared to last year. General severance tax cash receipts this time last year were $651 million, which was $34 million less than the prior year.

Corporation and franchise tax cash receipts for FY 2015-2016 to-date are $136 million, for a decrease of $344 million or 72% compared to last year. Corporation and franchise tax cash receipts this time last year were $480 million, which was $96 million less than the prior year.

Gasoline and special fuels tax cash receipts for FY 2015-2016 to-date are $516 million, for an increase of $11 million or 2% compared to last year. Gasoline and special fuels tax cash receipts this time last year were $505 million, which was $16 million more than the prior year.

Miscellaneous taxes cash receipts for FY 2015-2016 to-date are $181 million, for a decrease of $1 million or 1% compared to last year. Miscellaneous taxes cash receipts this time last year were $182 million, which was $18 million more than the prior year.

To view the report in its entirety, visit www.latreasury.comand click “Net Receipts Statement for the Month of April 2016.”

Contact:
Michelle Millhollon
(225) 342-0012
mmillhollon@treasury.state.la.us