BATON ROUGE, La. – The June 2015 Net Receipts Report shows that total state revenue from six major taxes for the 2014-2015 fiscal year (July 1, 2014, to June 30, 2015) was $7.769 billion, a $3 million decrease compared to that time last year. Sales, personal income and gasoline tax receipts rose slightly, but severance and corporation and franchise tax receipts continue to lag.

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 self-generated fees, statutorily dedicated revenue or federal receipts.

General sales tax cash receipts for FY 2014-2015 to-date are $2.713 billion, for an increase of $42 million or 2 percent compared to last year. General sales tax cash receipts this time last year were $2.671 billion, which was $46 million more than the prior year.

Individual income tax cash receipts for FY 2014-2015 to-date are $2.914 billion, for an increase of $92 million or 3 percent compared to last year. Individual income tax cash receipts this time last year were $2.822 billion, which was $89 million more than the prior year.

General severance tax cash receipts for FY 2014-2015 to-date are $735 million, for a decrease of $92 million or 11 percent compared to last year. General severance tax cash receipts this time last year were $827 million, which was $17 million less than the prior year.

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