BATON ROUGE, La. – The July 2016 Net Receipts Report shows that total state revenue thus far for 2016-2017 was $652 million, a 19% increase compared to that time last year.

State sales tax collections are significantly up, increasing more than $100 million compared to this time last year. Gasoline and special fuels taxes also increased.

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 2016-2017 to-date are $343 million, for an increase of $102 million or 42% compared to last year. General sales tax cash receipts this time last year were $241 million, which was $2 million more than the prior year.

Individual income tax cash receipts for FY 2016-2017 to-date are $210 million, for a decrease of $51 million or 20% compared to last year. Individual income tax cash receipts this time last year were $261 million, which was $8 million more than the prior year.

General severance tax cash receipts for FY 2016-2017 to-date are $37 million, for a decrease of $14 million or 27% compared to last year. General severance tax cash receipts this time last year were $51 million, which was $33 million less than the prior year.

Corporation and franchise tax cash receipts for FY 2016-2017 to-date are a negative $19 million, for an increase of $58 million or 75% compared to last year. Corporation and franchise tax cash receipts this time last year were a negative $77 million, which was $40 million less than the prior year.

Gasoline and special fuels tax cash receipts for FY 2016-2017 to-date are $53 million, for an increase of $2 million or 4% compared to last year. Gasoline and special fuels tax cash receipts this time last year were $51 million, which was $2 million more than the prior year.

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