TABLE 2: SUMMARY OF EXCISE TAX RETURNS
AMOUNTS REPORTED BY TAX LINE
4TH QUARTER, 1995 ($000)
STATE BUSINESS AND OCCUPATION TAX
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LINE Column 1 Column 2 Column 3 Column 4 Column 5 Column 6
NO. TAX CLASSIFICATION CODE GROSS AMOUNT DEDUCTIONS TAXABLE AMOUNT RATE TAX DUE
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1 Extracting, Ext. for Hire 16 $482,779 $20,646 $462,133 .00506 $2,338
2 Processing Meat-Whlse 30 723,654 58,184 665,469 .00144 958
3 Mfg. Wheat into Flour, 22 99,794 1,296 98,498 .00144 142
Raw Seafood Products,
Soybean Processing
4 Travel Agent Commissions/ 28 134,423 1,300 133,123 .00287 382
Processing Dried Peas
5 Intl Charter Freight 18 243,567 64,581 178,987 .00379 678
Brokers and Stevedoring
6 Insurance Agents/Brokers 14 288,679 1,431 287,248 .00575 2,084
7 Manufacturing Fresh Fruit 21 510,437 15,633 494,804 .00345 1,707
and Vegetables
8 Processing for Hire/ 10 795,006 13,119 781,888 .00506 3,956
Printing and Publishing
9 Manufacturing--Other 07 8,388,100 240,878 8,147,222 .00506 41,231
(Including Aluminum)
10 Wholesaling Wheat, Oats, 15 1,116,537 153,307 963,230 .00011 106
Corn, Barley, etc.
11 Internal Distribution - 06 229,963 0 229,963 .00506 1,164
2 or More Outlets
12 Wholesaling - Other 03 27,243,862 9,645,573 17,598,289 .00506 89,040
(Including Cigarettes)
13 Warehousing, Radio and 17 515,090 111,852 403,238 .00506 2,040
TV Broadcasting
14 Public Road Construction/ 11 531,572 30,672 500,900 .00506 2,535
Government Contracting
15 Public or Nonprofit 55 767,816 168,987 598,828 .015 8,919
Hospitals
16 Selected Bus. Services 58 2,298,837 546,899 1,751,938 .025 43,799
17 Financial Services 72 2,383,995 845,686 1,538,309 .017 26,151
18 Service & Other 04 6,770,885 1,139,261 5,631,624 .0209 117,701
19 Retailing of Interstate 19 748,853 63,147 685,706 .00506 3,470
Transportation Equipment
20 Retailing 02 23,905,396 2,780,843 21,124,553 .00471 99,497
B&O TOTALS 78,179,244 15,903,295 62,275,949 447,898
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TABLE 2, CONTINUED
4TH QUARTER, 1995 ($000)
STATE SALES TAX AND USE TAX
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LINE Column 1 Column 2 Column 3 Column 4 Column 5 Column 6
NO. TAX CLASSIFICATION CODE GROSS AMOUNT DEDUCTIONS TAXABLE AMOUNT RATE TAX DUE*
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21 Retail Sales Tax 01 $23,968,957 $7,566,873 $16,402,084 .065 $1,066,138
22 Use Tax 05 862,881 0 862,881 .065 56,088
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STATE PUBLIC UTILITY TAX
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LINE Column 1 Column 2 Column 3 Column 4 Column 5 Column 6
NO. TAX CLASSIFICATION CODE GROSS AMOUNT DEDUCTIONS TAXABLE AMOUNT RATE TAX DUE
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54 Water Distribution 60 $108,027 $6,359 $101,668 .05029 $5,106
55 Sewer Collection 61 74,831 28,122 46,709 .03852 1,799
56 Railroad, Express, 09 16,036 12,669 3,368 .03852 130
Car Company
57 Power 49 973,058 156,259 816,799 .03873 31,635
58 Gas Dist., Telegraph 26 177,541 615 176,926 .03852 6,815
59 Motor Transportation 08 902,715 723,069 179,646 .01926 3,456
60 Urban Transportation/ 12 100,274 23,356 76,918 .00642 493
Vessels Under 65 Feet
61 Other Public Service 13 252,512 165,497 87,014 .01926 1,676
PUBLIC UTILITY TAX TOTALS 2,604,994 1,115,947 1,489,048 51,109
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OTHER TAXES
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LINE Column 1 Column 2 Column 3 Column 4 Column 5 Column 6
NO. TAX CLASSIFICATION CODE GROSS AMOUNT DEDUCTIONS TAXABLE AMOUNT RATE TAX DUE
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62 Tobacco Products 20 $8,831 $1,764 $7,067 .7490 $5,293
63 Refuse Collection 64 195,653 56,639 139,014 .036 5,005
64 Solid Waste Tax 56 1,506 965 541 .01 5
65 Petroleum Tax 57 0 0 0 .005 0
66 Hazardous Substance 65 1,712,571 212,702 1,499,868 .007 10,499
67 Litter Tax 36 50,612 0 50,612 .00015 8
70 Syrup Tax 54 Gallons 1.00 1,242
TOTAL OTHER TAXES 22,051
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TOTAL STATE TAXES** $1,643,286
* Reflects reported tax liability prior to any applicable tax credits.
** Does not include $19,464,000 in use taxes collected by county auditors and $4,035,000 in sales taxes collected by the Department of Licensing.
NOTE: City, county and transit sales/use tax is reported in the "Local Tax Distributions" report.
Average effective business tax rate, excluding retail sales/use tax, for all sources reported on the combined excise tax return = 0.65 percent (tax due amount (except sales/use) / gross amount for B&O and public utility taxes).
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