Quarterly Business Review

Fourth Quarter 1997

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                    TABLE 5:  BUSINESS & OCCUPATION TAX:                                   
                              GROSS INCOME, TAXABLE INCOME & TAXDUE                        
                              STATEWIDE AMOUNTS BY INDUSTRY (SIC)                          
                              4TH QUARTER, 1997                                            
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  INDUSTRY AND SIC NUMBER                          INCOME SUBJECT TO B&O TAX       ACCRUED 
                                                      GROSS          TAXABLE       B&O TAX 
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AGRICULTURE, FORESTRY AND FISHING..........     669,059,407      515,174,277     4,032,652 
  AGRICULTURAL SERVICES 07.................     351,948,789      329,685,951     2,893,616 
  FORESTRY 08..............................      63,230,897       58,204,568       449,911 
  FISHING 09...............................     146,255,429       37,534,300       227,018 
  OTHER AGRICULTURE........................     107,624,292       89,749,458       462,107 
MINING AND QUARRYING.......................      97,548,425       94,732,303       471,349 
  METAL MINING 10..........................       9,695,578        9,633,596        47,961 
  SAND AND GRAVEL 144......................      20,107,604       19,980,432       101,429 
  OTHER MINING AND QUARRYING...............      67,745,243       65,118,275       321,959 
CONTRACT CONSTRUCTION......................   5,926,238,999    5,361,261,479    26,715,318 
  GENERAL BUILDING CONTRACTORS 15..........   2,463,950,059    2,187,184,267    10,827,395 
  HEAVY CONSTRUCTION (INCL. HIGHWAYS) 16...     791,311,717      736,193,120     3,748,029 
  SPECIAL TRADE CONTRACTORS 17.............   2,670,977,223    2,437,884,092    12,139,894 
    PLUMBING AND HEATING 171...............     484,941,164      454,768,171     2,281,726 
    ELECTRICAL 173.........................     509,314,685      467,114,918     2,313,264 
    MASONRY 174............................     276,562,385      248,225,794     1,202,072 
    OTHER TRADE CONTRACTORS................   1,400,158,989    1,267,775,209     6,342,832 
MANUFACTURING..............................  20,927,901,677   18,845,263,177    93,577,977 
  FOOD PRODUCTS 20.........................   2,265,119,036    1,923,560,723     7,335,850 
    MEAT PRODUCTS 201......................     390,959,852      372,868,816       600,490 
    DAIRY PRODUCTS 202.....................     253,732,142      239,430,257     1,077,963 
    CANNING AND PRESERVING 203.............     458,916,311      428,651,728     1,626,763 
    GRAIN MILL PRODUCTS 204................     230,909,204      203,477,511       912,144 
    BAKERY PRODUCTS 205....................      53,060,276       43,951,579       212,691 
    CONFECTIONERY PRODUCTS 206.............      44,349,271       33,157,699       156,007 
    BEVERAGES 208..........................     287,290,674      208,213,900     1,032,389 
    MISCELLANEOUS FOOD PRODUCTS............     545,901,306      393,809,233     1,717,403 
  APPAREL AND TEXTILES 22, 23..............     191,994,846      132,126,379       642,584 
    MEN'S, YOUTHS', AND BOYS' 231, 232.....      55,978,138       44,312,859       216,757 
    WOMEN'S, MISSES', & JUNIORS' 233, 234..      18,345,784       17,277,547        84,809 
    OTHER APPAREL AND TEXTILES.............     117,670,924       70,535,973       341,018 
  LUMBER AND WOOD PRODUCTS 24..............   2,135,597,521    1,770,979,355     9,011,845 
    LOGGING CAMPS AND CONTRACTORS 241......     465,385,096      365,726,063     1,843,831 
    SAWMILLS AND PLANING MILLS 242.........     871,741,209      825,368,470     4,291,539 
    OTHER WOOD PRODUCTS....................     798,471,216      579,884,822     2,876,475 
  FURNITURE AND FIXTURES 25................      90,414,243       73,924,615       365,520 
    HOUSEHOLD FURNITURE 251................      35,669,578       30,522,268       150,558 
    OTHER FURNITURE AND FIXTURES...........      54,744,665       43,402,347       214,962 
  PAPER AND ALLIED PRODUCTS 26.............     827,759,361      727,308,676     3,547,772 
    PULP/PAPER MILLS 261, 262, 263.........     622,815,798      554,087,712     2,704,082 
    PAPERBOARD CONTAINERS 265..............      96,315,011       77,843,805       381,074 
    CONVERTED PAPER PRODUCTS 267...........     108,628,552       95,377,159       462,616 
  PRINTING, PUBLISHING, ETC. 27............     704,512,825      600,370,999     3,887,410 
    NEWSPAPERS 271.........................     259,668,698      221,408,141     1,089,391 
    PERIODICALS AND BOOKS 272-274..........     196,158,161      159,155,655     1,717,291 
    COMMERCIAL PRINTING 275................     223,429,756      196,700,511       961,784 
    OTHER PRINTING.........................      25,256,210       23,106,692       118,944 
  CHEMICALS AND ALLIED PRODUCTS 28.........     359,701,154      323,438,150     1,619,423 
    CHEMICALS AND PLASTICS 281, 282........     168,294,286      149,439,938       723,095 
    DRUGS 283..............................      15,777,726       15,390,490       104,816 
    OTHER CHEMICAL PRODUCTS 284-289........     175,629,142      158,607,722       791,512 
  PETROLEUM REFINING 29....................     381,047,706      360,830,219     1,748,301 
  RUBBER AND PLASTICS PRODUCTS 30..........     168,548,033      147,898,787       718,124 
  LEATHER AND LEATHER PRODUCTS 31..........      15,703,625        3,976,535        19,233 
  STONE/CLAY/GLASS/CONCRETE PRODUCTS 32....     287,797,571      240,036,481     1,170,948 
  PRIMARY METAL INDUSTRIES 33..............   1,053,342,225      983,034,465     4,766,760 
    IRON & STEEL FOUNDRIES, MILLS 331, 332.     138,057,496      127,407,835       616,993 
    PRIMARY SMELTING/NONFERR0US METALS 333.     562,017,305      558,439,259     2,703,293 
    FOUNDRIES, NONFERROUS METALS 334-339...     353,267,424      297,187,371     1,446,474 
  FABRICATED METAL PRODUCTS 34.............     516,923,269      419,426,840     2,035,207 
    CANS 341...............................      64,443,462       59,329,062       287,151 
    STRUCTURAL PRODUCTS 344................     204,259,242      168,185,501       813,822 
    OTHER FABRICATED METAL PRODUCTS........     248,220,565      191,912,277       934,234 
  MACHINERY, EXCEPT ELECTRIC 35............     871,780,314      707,828,301     3,530,042 
    FARM MACHINERY AND EQUIPMENT 352.......       8,924,444        8,056,202        38,967 
    CONSTRUCTION & HANDLING EQUIPMENT 353..     110,421,351       99,333,659       485,731 
    SPECIAL INDUSTRIAL MACHINERY 355.......     152,384,795      119,308,090       602,833 
    OTHER MACHINERY........................     600,049,724      481,130,350     2,402,511 
  ELECTRICAL MACHINERY AND SUPPLIES 36.....     792,571,296      728,543,203     3,565,577 
  TRANSPORTATION EQUIPMENT 37..............   9,568,102,009    9,197,279,088    47,079,827 
    MOTOR VEHICLES AND EQUIPMENT 371.......      63,636,760       55,464,297       268,651 
    AIRCRAFT AND PARTS 372.................   8,992,697,747    8,679,287,817    44,453,016 
                                                                                           
                                                                                           
                    TABLE 5:  BUSINESS & OCCUPATION TAX:                      
                              GROSS INCOME, TAXABLE INCOME & TAXDUE                        
                              STATEWIDE AMOUNTS BY INDUSTRY (SIC)                          
                              4TH QUARTER, 1997                                            
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  INDUSTRY AND SIC NUMBER                          INCOME SUBJECT TO B&O TAX       ACCRUED 
                                                      GROSS          TAXABLE       B&O TAX 
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    SHIP AND BOAT BUILDINGS 373............     173,432,763      142,660,768       699,368 
    OTHER TRANSPORTATION EQUIPMENT 374-379.     338,334,739      319,866,206     1,658,792 
  PROFESSIONAL & SCIENTIFIC INSTRUMENTS 38.     509,862,346      366,769,683     1,830,918 
  MISCELLANEOUS MANUFACTURING 39...........     187,124,297      137,930,678       702,636 
TRANSPORTATION AND ALLIED SERVICES.........   1,010,005,280      796,842,040     5,692,365 
  RAILROADS 40.............................      10,741,514       10,733,679        97,957 
  LOCAL AND SUBURBAN TRANSIT 41............      38,166,810       31,845,238       521,237 
  MOTOR FREIGHT AND WAREHOUSING 42.........     320,802,536      288,397,359     2,049,196 
  WATER TRANSPORTATION 44..................     236,956,936      189,483,241     1,115,246 
  AIR TRANSPORTATION SERVICES 45...........      65,725,011       42,599,737       390,367 
  TRANSPORTATION SERVICES 46, 47...........     337,612,473      233,782,786     1,518,362 
COMMUNICATION AND UTILITIES................   2,279,511,331    1,999,772,238    16,662,684 
  COMMUNICATION 48.........................   1,630,090,308    1,408,206,780     9,498,609 
  ELECTRIC COMPANIES 491...................      64,014,149       63,892,545       636,763 
  GAS COMPANIES 492........................       9,114,429          641,404         4,766 
  WATER COMPANIES 494......................      76,346,512       67,936,993     1,126,608 
  OTHER UTILITIES..........................     499,945,933      459,094,516     5,395,938 
WHOLESALE TRADE............................  25,819,892,199   16,747,699,159    81,571,858 
  DURABLE GOODS 50.........................  14,320,269,213    8,849,324,673    45,227,502 
    MOTOR VEHICLES AND AUTO EQUIPMENT 501..   1,945,193,968    1,583,497,959     7,784,775 
    FURNITURE AND HOME FURNISHINGS 502.....     423,187,595      361,872,987     1,834,758 
    LUMBER AND CONSTRUCTION MATERIALS 503..   1,328,739,609      844,510,497     4,129,625 
    SPORTING, RECREATIONAL EQUIPMENT 504...   3,735,130,985    1,833,078,097     9,889,332 
    ELECTRICAL GOODS 506...................   1,834,829,966    1,375,836,630     6,979,788 
    HARDWARE/PLUMBING/HEATING SUPPLIES 507.     532,526,756      419,347,695     2,099,587 
    MACHINERY AND EQUIPMENT 508............   2,218,755,725    1,665,990,157     8,259,338 
    OTHER WHOLESALERS 505, 509.............   2,301,904,609      765,190,651     4,250,299 
  NONDURABLE GOODS 51......................  11,499,622,986    7,898,374,486    36,344,356 
    PAPER AND PAPER PRODUCTS 511...........     621,346,727      528,174,922     2,574,394 
    DRUGS AND SUNDRIES 512.................     834,792,203      714,201,312     3,492,991 
    APPAREL, PIECE GOODS AND NOTIONS 513...     455,597,507      268,759,767     1,342,416 
    GROCERIES AND RELATED PRODUCTS 514.....   3,731,595,765    2,084,540,834     9,910,428 
    FARM-PRODUCT RAW MATERIALS 515.........     767,504,844      518,155,944       392,016 
    CHEMICALS AND ALLIED PRODUCTS 516......     632,431,508      530,521,037     2,590,541 
    PETROLEUM AND PETROLEUM PRODUCTS 517...   2,382,978,220    2,064,417,221    10,105,512 
    MISCELLANEOUS NONDURABLE GOODS.........   2,073,376,212    1,189,603,449     5,936,058 
RETAIL TRADE...............................  18,989,681,524   16,411,356,024    82,167,550 
  BLDG. MATERIALS, HARDWARE 52.............   1,204,075,455    1,125,794,545     5,452,469 
    LUMBER AND BLDG. MATERIALS 521.........     607,303,150      564,434,153     2,748,107 
    PAINT, GLASS, WALLPAPER 523............      78,276,574       74,642,703       358,588 
    HARDWARE STORES 525....................     302,930,328      291,075,154     1,381,210 
    NURSERIES, GARDEN SUPPLIES 526.........     103,365,297       87,496,324       438,251 
    MOBILE HOME DEALERS 527................     112,200,106      108,146,211       526,313 
    OTHER 522, 524.........................               -                -             - 
  GENERAL MERCHANDISE STORES 53............   2,092,504,131    2,030,099,898     9,817,832 
    DEPARTMENT STORES 531..................   1,183,903,245    1,127,669,052     5,406,693 
    VARIETY STORES 533.....................     591,385,027      588,880,413     2,906,346 
    OTHER GENERAL MERCHANDISE..............     317,215,859      313,550,433     1,504,793 
  FOOD STORES 54...........................   3,632,360,863    3,443,915,627    16,531,411 
    GROCERY STORES 541.....................   3,368,311,821    3,234,170,391    15,529,927 
    FRUIT/VEGETABLE/MEAT MARKETS 542, 543..      93,576,363       65,189,511       289,577 
    CANDY, NUT AND CONFECTIONERY 544.......      22,813,334       21,454,776       102,861 
    DAIRY PRODUCTS 545.....................      12,655,252       10,494,008        52,795 
    BAKERIES 546...........................      43,088,427       42,528,316       207,115 
    OTHER FOOD STORES 549..................      91,915,666       70,078,625       349,136 
  AUTOMOTIVE DEALERS & GAS STATIONS 55.....   4,020,828,937    3,583,286,845    17,666,450 
    AUTO DEALERS (NEW & USED) 551, 552.....   2,527,114,087    2,420,091,839    11,953,637 
    ACCESSORY DEALERS 553..................     404,804,819      348,841,245     1,712,038 
    SERVICE STATIONS 554...................     809,757,402      612,848,691     2,960,768 
    MARINE, AIRCRAFT, ETC..................     279,152,629      201,505,070     1,040,007 
  APPAREL AND ACCESSORIES 56...............   1,317,462,516      607,460,818     2,962,414 
    CLOTHING 561-565.......................   1,146,339,451      468,729,269     2,279,028 
    SHOES 566..............................      66,256,913       64,523,691       307,735 
    OTHER ACCESSORIES 569..................     104,866,152       74,207,858       375,651 
  FURNITURE, FURNISHINGS & EQUIPMENT 57....   2,002,830,852    1,600,753,236     8,701,611 
    FURNITURE 571..........................     497,643,140      458,340,769     2,273,410 
    APPLIANCES 572.........................     171,802,880      166,729,433       847,591 
    ELECTRONICS/MUSIC STORES 573 ..........   1,333,384,832      975,683,034     5,580,610 
  EATING AND DRINKING PLACES 58............   1,432,384,017    1,379,776,108     7,178,101 
  MISCELLANEOUS RETAIL 59..................   3,287,234,753    2,640,268,947    13,857,262 
    DRUG STORES 591........................     585,946,737      543,713,207     2,612,995 
                                                                                           
                                                                                           
                    TABLE 5:  BUSINESS & OCCUPATION TAX:                                   
                              GROSS INCOME, TAXABLE INCOME & TAXDUE                        
                              STATEWIDE AMOUNTS BY INDUSTRY (SIC)                          
                              4TH QUARTER, 1997                                            
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  INDUSTRY AND SIC NUMBER                          INCOME SUBJECT TO B&O TAX       ACCRUED 
                                                      GROSS          TAXABLE       B&O TAX 
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    MISCELLANEOUS SHOPPING GOODS 594.......   1,045,538,784      840,976,709     4,152,726 
    NONSTORE RETAILERS 596.................     468,210,724      287,183,170     1,672,974 
    FUEL AND ICE 598.......................     140,731,360      121,442,432       589,857 
    OTHER RETAIL STORES....................   1,046,807,148      846,953,429     4,828,710 
FINANCE, INSURANCE AND REAL ESTATE.........   4,377,504,701    2,893,474,815    38,595,817 
  FINANCE 60-62............................   2,677,281,448    1,689,924,896    23,805,076 
  INSURANCE 63-64..........................     924,647,113      533,799,412     5,161,469 
  REAL ESTATE 65-66........................     625,057,735      596,235,676     8,911,961 
  OTHER FINANCE 67.........................     150,518,405       73,514,831       717,311 
SERVICES AND OTHER BUSINESS................  15,051,596,691   12,122,691,117   152,406,555 
  HOTELS, MOTELS, ETC. 70..................     313,052,564      306,163,432     1,751,206 
  PERSONAL SERVICES 72.....................     406,481,953      389,132,969     4,273,900 
    LAUNDRIES, CLEANERS 721................     142,170,593      134,981,006       897,910 
    PHOTOGRAPHIC STUDIOS 722...............      49,624,777       44,386,089       304,287 
    BARBER AND BEAUTY SHOPS 723, 724.......     142,647,150      142,161,243     2,268,054 
    FUNERAL SERVICES 726...................      28,572,016       28,093,107       349,371 
    OTHER PERSONAL SERVICES................      43,467,417       39,511,524       454,278 
  BUSINESS SERVICES 73.....................   5,875,448,962    4,540,280,663    51,025,003 
    ADVERTISING 731........................     182,077,981      137,377,134     1,687,627 
    CREDIT AND COLLECTION AGENCIES 732.....      32,766,382       31,574,182       465,340 
    SERVICES TO DWELLINGS AND BLDGS. 734...     150,675,415      143,471,505     1,983,405 
    COMPUTER SERVICES 737 .................   2,602,761,667    2,157,254,664    27,783,161 
    OTHER BUSINESS SERVICES................   2,907,167,517    2,070,603,178    19,105,470 
  AUTOMOTIVE REPAIR, SERVICES 75...........     904,955,879      849,939,649     4,330,375 
    RENTAL AND LEASING 751.................     381,128,992      357,807,633     1,762,153 
    REPAIR SHOPS 753.......................     431,124,394      402,082,781     2,054,154 
    OTHER AUTOMOTIVE SERVICES..............      92,702,493       90,049,235       514,068 
  MISCELLANEOUS REPAIR SERVICES 76.........     317,409,900      292,078,015     1,592,321 
  MOTION PICTURE THEATERS & PRODUCTION 78..     172,409,446      138,743,298     1,376,546 
  AMUSEMENT AND RECREATION SERVICES 79.....     432,145,170      318,601,403     3,588,403 
  MEDICAL AND HEALTH SERVICES 80...........   3,126,268,751    2,635,977,136    42,983,812 
    DRS/OTHER PRACTITIONERS 801, 803, 804..   1,364,405,009    1,170,182,807    19,460,699 
    DENTISTS 802...........................     390,995,662      389,106,991     6,796,922 
    HOSPITALS 806..........................     893,121,954      703,434,925    10,564,896 
    LABORATORIES 807.......................     137,656,440      113,149,614     1,881,462 
    OTHER HEALTH SERVICES..................     340,089,686      260,102,799     4,279,833 
  LEGAL SERVICES 81........................     558,375,949      540,432,198    10,702,578 
  OTHER SERVICES 82-89.....................   2,888,790,402    2,059,963,892    30,211,423 
    ENGINEERS AND ARCHITECTS 871...........     766,978,752      603,913,878     9,854,287 
    ACCOUNTANTS AND BOOKKEEPERS 872........     278,668,942      243,866,665     4,370,464 
  GOVERNMENT 91-97.........................      33,968,022       31,641,141       440,764 
  OTHER BUSINESS 00,98-99..................      22,289,693       19,737,321       130,224 
TOTAL ALL INDUSTRIES ......................  95,148,940,234   75,788,266,629   501,894,125 

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