OCTOBER 2018 PRELIMINARY COMPARATIVE STATEMENT OF STATE GENERAL FUND TAX REVENUES

News Release from DoTax, Nov 14, 2018

Four months into fiscal year (FY) 2019, the cumulative general fund tax deposits are up by 3.8% compared with the same period in FY 2018.  General excise and use tax (GET) collections, the largest single category of tax collections, were $288.7 million in October.  For FY 2019, cumulative collections of the GET are down by 0.7% from last fiscal year. Individual income tax (IIT) collections were $202.7 million in October.  Cumulative collections of the IIT are up by 12.4% from last fiscal year. Transient accommodations tax (TAT) collections were $45.5 million in October. Cumulative collections of the TAT are up by 16.7% from last fiscal year.

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