Categories
Press Releases

Yes, TN, There Is a State Income Tax – And It’s Due April 15

State of Tennessee Press Release, March 16, 2010

NASHVILLE – The April 15 filing deadline for the individual income tax, also known as the Hall income tax, is right around the corner. Credit card payment and electronic filing options are available on the department’s Web site, www.TN.gov/revenue.

“I encourage individual income taxpayers to file and pay online at the department’s Web site,” said Commissioner Reagan Farr. “The department’s online services are not only convenient, but they can also help eliminate errors and reduce the time spent filing returns.”

The individual income tax is imposed on individuals and other non-corporate entities receiving interest from bonds and notes and dividends from stock at a rate of six percent of taxable income. The first $1,250 in taxable income received by a single filer is exempt. The first $2,500 in taxable income received by a joint filer is exempt. People over 65 with total income less than $16,200 for a single filer or $27,000 for a joint filer are exempt. More information is available on the department’s Web site.

Taxpayers can make credit card payments using the Department of Revenue’s secure electronic services accessible at www.TN.gov/revenue. MasterCard, American Express and Discover Card are accepted and will be charged an associated 2.49 percent processing fee. Online bill pay, professional privilege tax, individual income tax, sales tax and consumer use tax can also be paid by credit card via the department’s Web site. The department is continuing work to expand this convenient payment option to other online services.

In order to assist taxpayers with compliance to electronic filing, the Department of Revenue provides computer access in its offices in Chattanooga, Knoxville, Jackson, Johnson City, Memphis and Nashville. The department also offers an electronic commerce hot line to assist taxpayers and tax practitioners at (866) 368-6374. Nashville-area and out-of-state callers should dial (615) 253-0704. All taxpayer data, whether paper or electronic, filed with the Department of Revenue is confidential data protected under Tennessee law.

The Department of Revenue is responsible for the administration of state tax laws and motor vehicle title and registration laws established by the legislature and the collection of taxes and fees associated with those laws. The Department of Revenue collects approximately 92 percent of total state tax revenue. During the 2008-2009 fiscal year, the department collected $10.2 billion in state taxes and fees. In addition to collecting state taxes, $1.9 billion of local sales tax was collected by the department for local governments during the 2008-2009 fiscal year. Besides collecting taxes, the department enforces the revenue laws fairly and impartially in an effort to encourage voluntary taxpayer compliance. The department also apportions revenue collections for distribution to the various state funds and local units of government. To learn more about the department, log on to www.TN.gov/revenue

Categories
Press Releases

December State Tax Collections Down

State of Tennessee Press Release, Jan 13, 2010:

NASHVILLE – The state’s fiscal year continues its trend of negative tax revenue growth, with tax collections falling below budgeted estimates again in December. Finance and Administration Commissioner Dave Goetz today announced that state revenue collections for December – reflecting November retail sales activity – were $766.7 million, which is $54.2 million less than the state budgeted.

“December tax collections represent the 19th consecutive month of negative sales tax growth,” Goetz said. “At the end of the fiscal year, on June 30, we’ll have to adjust for any under collection in the current fiscal year, and make sure our budget for fiscal year 2010-2011 reflects the revenue base available moving forward.”

On an accrual basis, December is the fifth month in the 2009-2010 fiscal year.

The general fund was under collected by $50.8 million and the four other funds were under collected by $3.4 million.

Sales tax collections were $16.6 million less than the estimate for December. The December growth rate was negative 2.88%. For five months revenues are under collected by $138.6 million, and the growth rate is negative 6.65%.

Franchise and excise taxes combined were $29.5 million below the budgeted estimate of $143.8 million. For five months revenues are under collected by $5.4 million.

Gasoline and motor fuel collections for December decreased by 2.70% and they were $4.3 million below the budgeted estimate of $66.7 million. For five months revenues are under collected by $9.9 million.

Tobacco tax collections were $5.6 million below the budgeted estimate of $25.7 million, and for five months they are $3.8 million above the budgeted estimate.

Inheritance and estate taxes were over collected by $2.6 million for the month.

All other taxes were under collected by a net of $800,000.

Year-to-date collections for five months were $169 million less than the budgeted estimate. The general fund was under collected by $147.1 million and the four other funds were under collected by $21.9 million.

The budgeted revenue estimates for 2009-2010 are based on the State Funding Board’s consensus recommendation adopted by the second session of the 106th General Assembly in May of 2009. and are available on the state’s Web site at http//www.tn.gov/finance/bud/budget.html.

http://news.tennesseeanytime.org/node/4428

December Revenues
Released on Wed, Jan 13, 2010 – 11:15 am under

* Finance and Administration

NASHVILLE – The state’s fiscal year continues its trend of negative tax revenue growth, with tax collections falling below budgeted estimates again in December. Finance and Administration Commissioner Dave Goetz today announced that state revenue collections for December – reflecting November retail sales activity – were $766.7 million, which is $54.2 million less than the state budgeted.

“December tax collections represent the 19th consecutive month of negative sales tax growth,” Goetz said. “At the end of the fiscal year, on June 30, we’ll have to adjust for any under collection in the current fiscal year, and make sure our budget for fiscal year 2010-2011 reflects the revenue base available moving forward.”

On an accrual basis, December is the fifth month in the 2009-2010 fiscal year.

The general fund was under collected by $50.8 million and the four other funds were under collected by $3.4 million.

Sales tax collections were $16.6 million less than the estimate for December.  The December growth rate was negative 2.88%. For five months revenues are under collected by $138.6 million, and the growth rate is negative 6.65%.

Franchise and excise taxes combined were $29.5 million below the budgeted estimate of $143.8 million. For five months revenues are under collected by $5.4 million.

Gasoline and motor fuel collections for December decreased by 2.70% and they were $4.3 million below the budgeted estimate of $66.7 million.  For five months revenues are under collected by $9.9 million.

Tobacco tax collections were $5.6 million below the budgeted estimate of $25.7 million, and for five months they are $3.8 million above the budgeted estimate.

Inheritance and estate taxes were over collected by $2.6 million for the month.

All other taxes were under collected by a net of $800,000.

Year-to-date collections for five months were $169 million less than the budgeted estimate. The general fund was under collected by $147.1 million and the four other funds were under collected by $21.9 million.

The budgeted revenue estimates for 2009-2010 are based on the State Funding Board’s consensus recommendation adopted by the second session of the 106th General Assembly in May of 2009. and are available on the state’s Web site at http//www.tn.gov/finance/bud/budget.html.http://news.tennesseeanytime.org/node/4428

December Revenues

Released on Wed, Jan 13, 2010 – 11:15 am under

* Finance and Administration

NASHVILLE – The state’s fiscal year continues its trend of negative tax revenue growth, with tax collections falling below budgeted estimates again in December. Finance and Administration Commissioner Dave Goetz today announced that state revenue collections for December – reflecting November retail sales activity – were $766.7 million, which is $54.2 million less than the state budgeted.

“December tax collections represent the 19th consecutive month of negative sales tax growth,” Goetz said. “At the end of the fiscal year, on June 30, we’ll have to adjust for any under collection in the current fiscal year, and make sure our budget for fiscal year 2010-2011 reflects the revenue base available moving forward.”

On an accrual basis, December is the fifth month in the 2009-2010 fiscal year.

The general fund was under collected by $50.8 million and the four other funds were under collected by $3.4 million.

Sales tax collections were $16.6 million less than the estimate for December. The December growth rate was negative 2.88%. For five months revenues are under collected by $138.6 million, and the growth rate is negative 6.65%.

Franchise and excise taxes combined were $29.5 million below the budgeted estimate of $143.8 million. For five months revenues are under collected by $5.4 million.

Gasoline and motor fuel collections for December decreased by 2.70% and they were $4.3 million below the budgeted estimate of $66.7 million. For five months revenues are under collected by $9.9 million.

Tobacco tax collections were $5.6 million below the budgeted estimate of $25.7 million, and for five months they are $3.8 million above the budgeted estimate.

Inheritance and estate taxes were over collected by $2.6 million for the month.

All other taxes were under collected by a net of $800,000.

Year-to-date collections for five months were $169 million less than the budgeted estimate. The general fund was under collected by $147.1 million and the four other funds were under collected by $21.9 million.

The budgeted revenue estimates for 2009-2010 are based on the State Funding Board’s consensus recommendation adopted by the second session of the 106th General Assembly in May of 2009. and are available on the state’s Web site at http//www.tn.gov/finance/bud/budget.html.

Categories
Press Releases

Rep. Maggart and Sen. Black Want Violent Juveniles on Sex Offender Registry

Press Release from State Representative Debra Maggart (R-Hendersonville) and Senator Diane Black (R-Gallatin), Dec. 7, 2009:

NASHVILLE – Rep. Maggart and Sen. Black will push for passage of legislation in January to place violent juvenile offenders on Tennessee’s Sex Offender Registry as required under the federal Adam Walsh Act. The legislators introduced legislation today to place offenders between the ages of 14 and 18 years of age on the Registry.

“We are trying to protect children who are victims of this crime,” said Rep. Maggart. “The safety of children overrides concerns regarding information being available about the juvenile who must register as a result of being convicted of this violent crime. We are talking about rape, aggravated rape, aggravated sexual battery, rape of a child and aggravated rape of a child. These are serious adult crimes committed by a juvenile that most commonly occur with very young victims who must be protected.”

The adoption of this legislation would put Tennessee into compliance with the requirements for juveniles to be placed on state’s Sex Offender Registries under the Adam Walsh Act which was scheduled to go into effect in 2009. Tennessee was awarded over $50 million in Byrne Grant funding last year, 10 percent of which could be in jeopardy unless the state adheres to these requirements.

However, in June U.S. Attorney General Anthony Holder signed a one year agreement to extend the deadline for states to comply with the Sex Offender Registration and Notification Act. Only Ohio has complied with the law thus far.

“Tennessee has made very good progress at protecting children against child sexual predators, but we have still have a hurdle to overcome by placing these violent juvenile offenders age 14 and older on the Registry,” said Black.

“Although the risk of repeating the crime is not quite as high as adult sex offenders, it still presents enough of a threat to require placing these offenders on the Registry,” she continued. “We would like to believe that juveniles could not commit these types of horrible crimes. However, the fact remains that they do and children must be protected.”

“When there is this threat to the community, parents should have the right to know that the perpetrator has this history of sexual violence against children,” added Maggart. “Whether or not the perpetrator is 17 or 24 years old, child sexual offenders can be dangerous to children in the community and should be placed on the Registry as required by the Walsh Act. Hopefully, we will pass this legislation in the 2010 legislative session.”