BATON ROUGE, La. – The November 2016 Net Receipts Report shows that total state revenue thus far for 2016-2017 was $3.555 billion, a 27% increase compared to that time last year. Between October and November, total major state revenue grew $697 million.

General sales tax collections grew. Gasoline and special fuels tax collections continued to show stability. Miscellaneous tax collections 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 $1.586 billion, for an increase of $464 million or 41% compared to last year. General sales tax cash receipts this time last year were $1.122 billion, which was $15 million less than the prior year.

Individual income tax cash receipts for FY 2016-2017 to-date are $1.295 billion, for a decrease of $11 million or -1% compared to last year. Individual income tax cash receipts this time last year were $1.306 billion, which was $74 million more than the prior year.

General severance tax cash receipts for FY 2016-2017 to-date are $159 million, for a decrease of $57 million or -26% compared to last year. General severance tax cash receipts this time last year were $216 million, which was $162 million less than the prior year.

Corporation and franchise tax cash receipts for FY 2016-2017 to-date are $68 million, for an increase of $312 million or -128% compared to last year. Corporation and franchise tax cash receipts this time last year were a negative $-244 million, which was $334 million less than the prior year.

Gasoline and special fuels tax cash receipts for FY 2016-2017 to-date are $271 million, for an increase of $8 million or 3% compared to last year. Gasoline and special fuels tax cash receipts this time last year were $263 million, which was $7 million more than the prior year.

Miscellaneous taxes cash receipts for FY 2016-2017 to-date are $174 million, for an increase of $62 million or 55% compared to last year. Miscellaneous taxes cash receipts this time last year were $112 million, which was $21 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 November 2016.”

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