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).