BATON ROUGE, La. – The May 2015 Net Receipts Report shows that total state revenue thus far for 2014-2015 was $7.115 billion, a two percent increase compared to that time last year. However, severance tax receipts remain weak, and corporation and franchise tax collections are down. General sales tax cash receipts for FY 2014-2015 to-date are $2.520 billion, for an increase of $86 million or 4 percent compared to last year. General sales tax cash receipts this time last year were $2.434 billion, which was $35 million more than the prior year. Individual income tax cash receipts for FY 2014-2015 to-date are $2.626 billion, for an increase of $121 million or 5 percent compared to last year. Individual income tax cash receipts this time last year were $2.505 billion, which was $5 million more than the prior year.

General severance tax cash receipts for FY 2014-2015 to-date are $690 million, for a decrease of $69 million or 9 percent compared to last year. General severance tax cash receipts this time last year were $759 million, which was $11 million less than the prior year. Corporation and franchise tax cash receipts for FY 2014-2015 to-date are $487 million, for a decrease of $50 million or 9 percent compared to last year. Corporation and franchise tax cash receipts this time last year were $537 million, which was $249 million more than the prior year. Gasoline and special fuels tax cash receipts for FY 2014-2015 to-date are $556 million, for an increase of $16 million or 3 percent compared to last year. Gasoline and special fuels tax cash receipts this time last year were $540 million, which was $8 million more than the prior year. Miscellaneous taxes cash receipts for FY 2014-2015 to-date are $220 million, for an increase of $23 million or 12 percent compared to last year. Miscellaneous taxes cash receipts this time last year were $197 million, which was $20 million less than the prior year. To view the report in its entirety, visit www.latreasury.comand click “Net Receipts Statement for the Month of May 2015.”

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