BATON ROUGE, La. – The October 2016 Net Receipts Report shows that total state revenue thus far for 2016-2017 was $2.858 billion, a 31% increase compared to that time last year. September’s revenue was up 25% compared to that time last year.

A number of tax collections showed significant improvement, including general sales tax, individual income tax, gasoline and special fuels tax and miscellaneous taxes. General sales tax collections increased by nearly 40% compared to this time last year. Individual income tax collections climbed nearly 10%.

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 $1.251 billion, for an increase of $341 million or 37% compared to last year. General sales tax cash receipts this time last year were $910 million, which was $14 million more than the prior year.

Individual income tax cash receipts for FY 2016-2017 to-date are $1.080 billion, for an increase of $92 million or 9% compared to last year. Individual income tax cash receipts this time last year were $988 million, which was $42 million less than the prior year.

General severance tax cash receipts for FY 2016-2017 to-date are $133 million, for a decrease of $48 million or 27% compared to last year. General severance tax cash receipts this time last year were $181 million, which was $127 million less than the prior year.

Corporation and franchise tax cash receipts for FY 2016-2017 to-date are $43 million, for an increase of $254 million or -120% compared to last year. Corporation and franchise tax cash receipts this time last year were a negative $-211 million, which was $228 million less than the prior year.

Gasoline and special fuels tax cash receipts for FY 2016-2017 to-date are $215 million, for an increase of $6 million or 3% compared to last year. Gasoline and special fuels tax cash receipts this time last year were $209 million, which was $6 million more than the prior year.

Miscellaneous taxes cash receipts for FY 2016-2017 to-date are $135 million, for an increase of $50 million or 59% compared to last year. Miscellaneous taxes cash receipts this time last year were $85 million, which was $10 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 October 2016.”

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