Friday, November 22, 2024
Hawai'i Free Press

Current Articles | Archives

Wednesday, September 12, 2018
July-Aug 2018: GE Tax Collections up 0.4%
By News Release @ 10:00 PM :: 3925 Views :: Hawaii Statistics, Taxes

AUGUST 2018 PRELIMINARY COMPARATIVE STATEMENT OF STATE GENERAL FUND TAX REVENUES

News Release from DoTax, Sep 12, 2018

Two months into fiscal year (FY) 2019, the cumulative general fund tax deposits are up by 0.8% compared with the same period in FY 2018.

General excise and use tax (GET) collections, the largest single category of tax collections, were $294.0 million in August. For FY 2019, cumulative collections of the GET are up by 0.4% from last fiscal year.

Individual income tax (IIT) collections were $179.2 million in August. Cumulative collections of the IIT are up by 10.3% from last fiscal year.

Transient accommodations tax (TAT) collections were $53.3 million in August. Cumulative collections of the TAT are up by 13.2% from last fiscal year.

PRELIMINARY COMPARATIVE STATEMENT OF STATE GENERAL FUND TAX REVENUES
Aug-18
(Dollars in Thousands)
    CUMULATIVE TOTALS DIFFERENCE
  Aug-18 2018-2019 2017-2018 AMOUNT % CHANGE
GE/Use Taxes $293,965 $598,484 $596,062 2,422 0.40%
Income Tax – Corp. 7,161 -16,739 16,007 -32,746     **
Decl. Est. Taxes 6,418 14,711 16,652    
Payment w/returns* 845 -11,737 4,433    
Refunds -102 -19,713 -5,078    
Income Tax – Ind. 179,238 367,766 333,295 34,472 10.30%
Decl. Est. Taxes 8,346 25,190 71,482    
Payment w/returns 5,528 12,187 11,387    
WH Tax on Wages 169,883 366,111 320,548    
Refunds -4,518 -35,721 -70,123    
Special Fund 0 0 0    
Trans. Accom. Tax 53,346 109,901 97,057 12,845 13.20%
Convention Ctr. Enterprise Fund -1,375 -2,750 -4,417    
Tourism Special Fund -6,583 -13,167 -13,667    
Turtle Bay Conservation Fund -125 -250 -250    
Land & Development  Fund -250 -500 -500    
County Fund -8,583 -17,167 -15,500    
Mass Transit Fund -5,116 -10,324 0    
SUB-TOTAL 31,314 65,744 62,723 3,021  
All Others 40,712 82,207 80,307 1,900 2.40%
TOTAL GENERAL FUND $552,391 $1,097,462 $1,088,394 $9,068 0.80%
Note:  General Fund allocations are in bold print.
* The negative amount is due to tax refunds, which exceeds tax collections

**The percentages are anomalies that, if reported, would be misleading or not meaningful.

 

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii