Final Revenue Report - TC23, FY 1995-96

July 1, 1995 through June 30, 1996
Footnotes are integral 1 2 3 4 5 6 7 9
to this report FY1995 FY1996 FY1996 FY 1995 FY1996 FY 1996 FY1996 REVENUE
ACTUAL LEGISLATIVE LEGISLATIVE YEAR-TO- YEAR-TO- CURRENT LEGISLATIVE EXCESS
MAJOR TAX SOURCES NET ESTIMATE ESTIMATE DATE DATE GROWTH GROWTH (DEFICIT) ***
(In Millions of Dollars) REVENUES Feb-95 Jan-96 7/10/1995 * 7/8/96 Jan-96 Year-to-date
[FINET] Preliminary ** Col 5 / Col 4 Col 3 / Col 1 (Million $)
SALES AND USE TAXES 1,055.20 1,123.70 1,157.50 1,057.61 1,162.16 9.9% 9.7% 4.66
INDIVIDUAL INCOME TAX 1,026.80 1,089.10 1,134.64 1,040.64 1,132.98 8.9% 10.5% -1.66 **
CORPORATE FRANCHISE TAX 153.50 125.10 177.87 153.65 170.87 11.2% 15.9% -6.99
BEER, CIGARETTE & TOBACCO 37.66 38.00 39.00 38.2 38.36 0.4% 3.6% -0.64
INSURANCE PREMIUM TAXES 40.94 41.50 45.40 39.05 41.23 5.6% 10.9% -4.17
SEVERANCE TAXES 21.40 20.40 22.00 21.53 20.74 -3.7% 2.8% -1.26
GENERAL & USF FUNDS 2,335.50 2,437.80 2,576.40 2,350.68 2,566.34 9.2% 10.3% -10.06
MOTOR FUEL TAX 155.45 158.50 162.50 156.46 163.19 4.3% 4.5% 0.69
SPECIAL FUEL TAX 40.66 39.30 43.50 42.10 43.92 4.3% 7.0% 0.42
TRANSPORTATION FUND 196.11 197.80 206.00 198.56 207.11 4.3% 5.0% 1.11

Last Update: 12/17/96

Name: -Doug Macdonald

Email: dmacdona@email.state.ut.us