Quarterly Business Review
2nd Quarter, 1997
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TABLE 2:
SUMMARY OF EXCISE TAX RETURNS
AMOUNTS REPORTED BY TAX LINE
2ND QUARTER, 1997
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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 $476,062 $14,924 $461,138 .00506 $2,333
2 Processing Meat-Whlse, 30 829,250 47,164 782,086 .00144 1,126
Mfg. Wheat into Flour,
Raw Seafood, Soybean
and Canola Processing
3 Travel Agent Commissions/ 28 140,880 2,585 138,296 .00287 397
Processing Dried Peas
4 Intl Charter Freight 18 198,027 18,819 179,208 .00379 679
Brokers and Stevedoring
5 Insurance Agents/Brokers 14 224,313 1,508 222,806 .00575 1,281
6 Manufacturing Fresh Fruit 21 481,348 23,171 458,177 .00345 1,581
and Vegetables
7 Processing for Hire/ 10 737,708 6,173 731,534 .00506 3,702
Printing and Publishing
8 Manufacturing 07 8,758,047 221,700 8,536,347 .00506 43,192
9 Wholesaling Wheat, Oats, 15 574,677 94,346 480,331 .00011 53
Corn, Barley, etc.
10 Internal Distribution - 06 177,416 0 177,416 .00506 898
2 or More Outlets
11 Wholesaling 03 31,759,187 8,351,210 23,407,977 .00506 118,445
12 Warehousing, Radio and 11 1,107,236 182,363 924,873 .00506 4,680
TV Broadcasting, Public
Road Construction/
Government Contracting
13 Public or Nonprofit 55 823,680 206,205 617,475 .015 9,262
Hospitals
14 Selected Business 58 2,222,090 208,230 2,013,860 .02 40,278
Services
15 Financial Business 72 2,327,011 862,028 1,464,983 .016 23,440
Services
16 Cleanup of Radioactive 83 330,752 62 330,690 .00471 1,558
Waste for U.S. Gov't
17 Service & Other 04 7,392,251 1,475,944 5,916,308 .01829 108,210
Activities
18 Retailing of Interstate 19 877,870 51,100 826,771 .00506 4,183
Transportation Equipment
19 Retailing 02 25,069,154 3,121,204 21,947,951 .00471 103,375
B&O TOTALS 84,506,962 14,950,160 69,618,227 468,672
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TABLE 2, CONTINUED
2ND QUARTER, 1997 ($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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20 Retail Sales Tax 01 $25,217,042 $7,956,338 $17,260,704 .065 $1,121,947
21 Use Tax 05 729,151 0 729,151 .065 47,395
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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 $108,851 $4,893 $103,958 .05029 $5,223
55 Sewer Collection 61 72,006 32,874 39,133 .03852 1,507
56 Express 09 1,121 700 421 .03852 16
57 Power 49 870,328 132,286 738,043 .03873 28,584
58 Gas Dist., Telegraph 26 154,459 11,154 143,304 .03852 5,520
59 Motor Transportation, 08 902,362 725,899 176,463 .01926 3,382
Railroad, Railroad Car
60 Urban Transportation/ 12 90,295 18,039 72,257 .00642 461
Vessels Under 65 Feet
61 Other Public Service 13 112,298 78,699 33,599 .01926 646
PUBLIC UTILITY TAX TOTALS 2,311,721 1,004,544 1,307,178 45,341
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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 $9,212 $2,819 $6,393 .7490 $4,788
63 Refuse Collection 64 215,422 59,252 156,170 .036 5,622
64 Petroleum Tax 57 0 0 0 .005 0
65 Hazardous Substance 65 1,860,323 114,753 1,745,570 .007 12,219
66 Litter Tax 36 41,197 0 41,197 .00015 6
68 Syrup Tax 54 Gallons 1.00 2,482
TOTAL OTHER TAXES 25,117
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TOTAL STATE TAXES** $1,708,473
* Reflects reported tax liability prior to any applicable tax credits.
** Does not include $24,444,000 in use taxes collected by county
auditors and $5,080,000 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 = 0.62 percent
(tax due amount (except sales/use) / gross amount for B&O and public
utility taxes).