BATON ROUGE, La. – The September 2016 Net Receipts Report shows that total state revenue thus far for 2016-2017 was $2.175 billion, a 25% increase compared to that time last year.

Corporation and franchise tax collections now are in the positive. Sales tax collections jumped 35% compared to last year. Individual income tax, gasoline and special fuels tax and miscellaneous tax collections 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 2016-2017 to-date are $932 million, for an increase of $244 million or 35% compared to last year. General sales tax cash receipts this time last year were $688 million, which was $3 million more than the prior year.

Individual income tax cash receipts for FY 2016-2017 to-date are $784 million, for an increase of $7 million or 1% compared to last year. Individual income tax cash receipts this time last year were $777 million, which was $4 million less than the prior year.

General severance tax cash receipts for FY 2016-2017 to-date are $103 million, for a decrease of $39 million or 27% compared to last year. General severance tax cash receipts this time last year were $142 million, which was $91 million less than the prior year.

Corporation and franchise tax cash receipts for FY 2016-2017 to-date are $95 million, for an increase of $189 million or -201% compared to last year. Corporation and franchise tax cash receipts this time last year were a negative $94 million, which was $189 million less than the prior year.

Gasoline and special fuels tax cash receipts for FY 2016-2017 to-date are $160 million, for an increase of $2 million or 1% compared to last year. Gasoline and special fuels tax cash receipts this time last year were $158 million, which was $5 million more than the prior year.

Miscellaneous taxes cash receipts for FY 2016-2017 to-date are $101 million, for an increase of $43 million or 74% compared to last year. Miscellaneous taxes cash receipts this time last year were $58 million, which was $2 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 September 2016.”

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