Quarterly Business Review

1st Quarter, 1998

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                    TABLE 5:  BUSINESS & OCCUPATION TAX:                                   
                              GROSS INCOME, TAXABLE INCOME & TAXDUE                        
                              STATEWIDE AMOUNTS BY INDUSTRY (SIC)                          
                              1ST QUARTER, 1998                                            
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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..........     474,618,378      390,423,918     3,037,871 
  AGRICULTURAL SERVICES 07.................     272,373,865      255,682,487     2,280,039 
  FORESTRY 08..............................      50,888,360       47,011,138       338,296 
  FISHING 09...............................      62,554,026       15,513,580        86,422 
  OTHER AGRICULTURE........................      88,802,127       72,216,713       333,114 
MINING AND QUARRYING.......................      81,024,699       79,152,710       393,170 
  METAL MINING 10..........................       8,944,827        8,943,814        44,118 
  SAND AND GRAVEL 144......................      16,734,192       16,579,228        84,676 
  OTHER MINING AND QUARRYING...............      55,345,680       53,629,668       264,376 
CONTRACT CONSTRUCTION......................   4,618,931,001    4,194,460,056    20,736,542 
  GENERAL BUILDING CONTRACTORS 15..........   1,950,781,353    1,751,057,289     8,587,012 
  HEAVY CONSTRUCTION (INCL. HIGHWAYS) 16...     496,565,368      459,304,213     2,306,836 
  SPECIAL TRADE CONTRACTORS 17.............   2,171,584,280    1,984,098,554     9,842,694 
    PLUMBING AND HEATING 171...............     439,298,869      414,595,430     2,078,034 
    ELECTRICAL 173.........................     445,367,345      410,583,930     2,044,469 
    MASONRY 174............................     226,816,842      212,628,428     1,024,583 
    OTHER TRADE CONTRACTORS................   1,060,101,224      946,290,766     4,695,608 
MANUFACTURING..............................  16,821,615,966   15,021,904,909    68,644,852 
  FOOD PRODUCTS 20.........................   2,002,398,427    1,720,764,353     6,343,132 
    MEAT PRODUCTS 201......................     392,097,372      372,794,569       587,097 
    DAIRY PRODUCTS 202.....................     247,242,732      232,022,451     1,047,390 
    CANNING AND PRESERVING 203.............     412,816,768      381,888,760     1,393,683 
    GRAIN MILL PRODUCTS 204................     201,410,868      176,486,762       790,878 
    BAKERY PRODUCTS 205....................      45,073,772       39,209,660       189,795 
    CONFECTIONERY PRODUCTS 206.............      16,256,810       11,710,016        51,414 
    BEVERAGES 208..........................     244,613,828      182,268,947       883,509 
    MISCELLANEOUS FOOD PRODUCTS............     442,886,277      324,383,188     1,399,366 
  APPAREL AND TEXTILES 22, 23..............     152,574,403      107,735,443       526,127 
    MEN'S, YOUTHS', AND BOYS' 231, 232.....      34,491,085       22,231,141       111,882 
    WOMEN'S, MISSES', & JUNIORS' 233, 234..      18,624,264       18,125,239        88,229 
    OTHER APPAREL AND TEXTILES.............      99,459,054       67,379,063       326,016 
  LUMBER AND WOOD PRODUCTS 24..............   1,650,151,193    1,402,624,257     7,124,253 
    LOGGING CAMPS AND CONTRACTORS 241......     372,673,050      281,813,319     1,418,911 
    SAWMILLS AND PLANING MILLS 242.........     643,257,673      601,120,837     3,141,958 
    OTHER WOOD PRODUCTS....................     634,220,470      519,690,101     2,563,384 
  FURNITURE AND FIXTURES 25................      75,062,382       61,247,296       300,429 
    HOUSEHOLD FURNITURE 251................      30,329,913       25,593,735       124,232 
    OTHER FURNITURE AND FIXTURES...........      44,732,469       35,653,561       176,197 
  PAPER AND ALLIED PRODUCTS 26.............     682,580,197      587,758,364     2,861,481 
    PULP/PAPER MILLS 261, 262, 263.........     481,724,852      415,777,765     2,026,084 
    PAPERBOARD CONTAINERS 265..............      95,639,681       79,030,656       386,840 
    CONVERTED PAPER PRODUCTS 267...........     105,215,664       92,949,943       448,557 
  PRINTING, PUBLISHING, ETC. 27............     652,222,521      559,512,084     3,709,217 
    NEWSPAPERS 271.........................     245,621,080      204,926,972     1,008,570 
    PERIODICALS AND BOOKS 272-274..........     172,797,094      148,914,194     1,688,795 
    COMMERCIAL PRINTING 275................     209,816,575      183,417,940       896,187 
    OTHER PRINTING.........................      23,987,772       22,252,978       115,665 
  CHEMICALS AND ALLIED PRODUCTS 28.........     375,616,307      338,285,461     1,671,517 
    CHEMICALS AND PLASTICS 281, 282........     151,561,163      134,277,535       649,795 
    DRUGS 283..............................      14,792,662       13,840,054        80,501 
    OTHER CHEMICAL PRODUCTS 284-289........     209,262,482      190,167,872       941,221 
  PETROLEUM REFINING 29....................     281,903,122      267,828,784     1,296,491 
  RUBBER AND PLASTICS PRODUCTS 30..........     159,210,694      140,909,413       684,054 
  LEATHER AND LEATHER PRODUCTS 31..........      14,361,940        3,893,328        18,780 
  STONE/CLAY/GLASS/CONCRETE PRODUCTS 32....     270,733,393      221,678,254     1,083,608 
  PRIMARY METAL INDUSTRIES 33..............     954,982,861      878,045,902     4,255,470 
    IRON & STEEL FOUNDRIES, MILLS 331, 332.     132,250,278      123,556,948       597,300 
    PRIMARY SMELTING/NONFERR0US METALS 333.     472,823,527      469,224,650     2,271,818 
    FOUNDRIES, NONFERROUS METALS 334-339...     349,909,056      285,264,304     1,386,352 
  FABRICATED METAL PRODUCTS 34.............     458,458,595      380,767,648     1,847,302 
    CANS 341...............................      39,614,740       39,166,563       189,565 
    STRUCTURAL PRODUCTS 344................     183,487,817      153,079,993       741,470 
    OTHER FABRICATED METAL PRODUCTS........     235,356,038      188,521,092       916,267 
  MACHINERY, EXCEPT ELECTRIC 35............     826,463,704      668,857,804     3,341,674 
    FARM MACHINERY AND EQUIPMENT 352.......       7,035,064        6,256,869        30,190 
    CONSTRUCTION & HANDLING EQUIPMENT 353..     132,220,778      107,671,315       523,375 
    SPECIAL INDUSTRIAL MACHINERY 355.......     115,064,050       91,016,215       466,900 
    OTHER MACHINERY........................     572,143,812      463,913,405     2,321,209 
  ELECTRICAL MACHINERY AND SUPPLIES 36.....     674,229,609      590,055,513     2,872,742 
  TRANSPORTATION EQUIPMENT 37..............   6,944,588,005    6,604,348,972    28,273,079 
    MOTOR VEHICLES AND EQUIPMENT 371.......      54,693,014       47,256,413       236,361 
    AIRCRAFT AND PARTS 372.................   6,415,959,452    6,121,819,831    25,729,358 
                                                                                           
                                                                                       
                    TABLE 5:  BUSINESS & OCCUPATION TAX:                      
                              GROSS INCOME, TAXABLE INCOME & TAXDUE                        
                              STATEWIDE AMOUNTS BY INDUSTRY (SIC)                          
                              1ST QUARTER, 1998                                            
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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............     146,628,305      125,503,533       617,813 
    OTHER TRANSPORTATION EQUIPMENT 374-379.     327,307,234      309,769,195     1,689,547 
  PROFESSIONAL & SCIENTIFIC INSTRUMENTS 38.     473,277,610      359,696,746     1,773,970 
  MISCELLANEOUS MANUFACTURING 39...........     172,801,003      127,895,287       661,526 
TRANSPORTATION AND ALLIED SERVICES.........     744,900,095      616,995,800     4,369,104 
  RAILROADS 40.............................      10,814,105       10,813,037       106,518 
  LOCAL AND SUBURBAN TRANSIT 41............      32,100,613       27,756,832       462,098 
  MOTOR FREIGHT AND WAREHOUSING 42.........     253,939,360      232,896,687     1,706,476 
  WATER TRANSPORTATION 44..................     215,868,345      172,597,796     1,012,003 
  AIR TRANSPORTATION SERVICES 45...........      69,456,257       41,292,767       369,062 
  TRANSPORTATION SERVICES 46, 47...........     162,721,415      131,638,681       712,947 
COMMUNICATION AND UTILITIES................   2,158,839,178    1,922,128,130    15,875,578 
  COMMUNICATION 48.........................   1,522,612,085    1,326,193,166     8,829,377 
  ELECTRIC COMPANIES 491...................      52,582,247       52,193,924       586,613 
  GAS COMPANIES 492........................         929,171          705,219         4,572 
  WATER COMPANIES 494......................      72,836,719       64,557,853     1,065,456 
  OTHER UTILITIES..........................     509,878,956      478,477,968     5,389,560 
WHOLESALE TRADE............................  19,369,652,939   14,802,386,411    72,050,065 
  DURABLE GOODS 50.........................  10,566,201,537    8,206,456,802    41,587,671 
    MOTOR VEHICLES AND AUTO EQUIPMENT 501..   1,955,292,045    1,561,694,522     7,681,639 
    FURNITURE AND HOME FURNISHINGS 502.....     373,029,127      316,153,531     1,589,580 
    LUMBER AND CONSTRUCTION MATERIALS 503..   1,010,790,001      771,776,003     3,766,918 
    SPORTING, RECREATIONAL EQUIPMENT 504...   1,973,898,611    1,670,407,918     8,827,547 
    ELECTRICAL GOODS 506...................   1,521,189,776    1,225,037,976     6,289,845 
    HARDWARE/PLUMBING/HEATING SUPPLIES 507.     493,260,572      391,696,172     1,956,947 
    MACHINERY AND EQUIPMENT 508............   2,012,145,031    1,604,433,178     7,891,350 
    OTHER WHOLESALERS 505, 509.............   1,226,596,374      665,257,502     3,583,845 
  NONDURABLE GOODS 51......................   8,803,451,402    6,595,929,609    30,462,394 
    PAPER AND PAPER PRODUCTS 511...........     555,503,681      499,935,382     2,429,104 
    DRUGS AND SUNDRIES 512.................     807,259,968      686,006,070     3,350,594 
    APPAREL, PIECE GOODS AND NOTIONS 513...     344,709,584      209,769,307     1,057,843 
    GROCERIES AND RELATED PRODUCTS 514.....   2,763,717,082    1,756,811,784     8,338,209 
    FARM-PRODUCT RAW MATERIALS 515.........     557,008,927      414,881,347       391,411 
    CHEMICALS AND ALLIED PRODUCTS 516......     638,748,530      564,462,847     2,754,999 
    PETROLEUM AND PETROLEUM PRODUCTS 517...   1,735,306,579    1,447,023,022     7,102,896 
    MISCELLANEOUS NONDURABLE GOODS.........   1,401,197,051    1,017,039,850     5,037,338 
RETAIL TRADE...............................  15,804,680,546   13,879,756,064    70,452,542 
  BLDG. MATERIALS, HARDWARE 52.............   1,027,524,365      971,491,376     4,725,234 
    LUMBER AND BLDG. MATERIALS 521.........     516,701,312      480,599,475     2,325,267 
    PAINT, GLASS, WALLPAPER 523............      75,358,490       71,884,099       344,779 
    HARDWARE STORES 525....................     264,315,221      258,042,596     1,226,154 
    NURSERIES, GARDEN SUPPLIES 526.........      79,420,668       71,895,498       392,944 
    MOBILE HOME DEALERS 527................      91,728,674       89,069,708       436,090 
    OTHER 522, 524.........................               -                -             - 
  GENERAL MERCHANDISE STORES 53............   1,456,994,370    1,410,647,518     7,527,549 
    DEPARTMENT STORES 531..................     711,133,167      670,551,938     3,260,739 
    VARIETY STORES 533.....................     508,669,294      506,808,816     3,154,448 
    OTHER GENERAL MERCHANDISE..............     237,191,909      233,286,764     1,112,362 
  FOOD STORES 54...........................   2,960,136,409    2,794,039,634    13,423,358 
    GROCERY STORES 541.....................   2,721,751,179    2,608,994,867    12,555,196 
    FRUIT/VEGETABLE/MEAT MARKETS 542, 543..      72,241,392       42,737,704       178,411 
    CANDY, NUT AND CONFECTIONERY 544.......      12,590,911       12,215,465        58,965 
    DAIRY PRODUCTS 545.....................       8,025,176        6,320,860        30,469 
    BAKERIES 546...........................      59,700,737       58,955,996       285,727 
    OTHER FOOD STORES 549..................      85,827,014       64,814,742       314,590 
  AUTOMOTIVE DEALERS & GAS STATIONS 55.....   3,972,003,723    3,567,624,291    17,639,676 
    AUTO DEALERS (NEW & USED) 551, 552.....   2,595,828,823    2,493,680,595    12,352,075 
    ACCESSORY DEALERS 553..................     355,592,500      321,426,560     1,580,546 
    SERVICE STATIONS 554...................     696,929,269      511,732,771     2,475,106 
    MARINE, AIRCRAFT, ETC..................     323,653,131      240,784,365     1,231,949 
  APPAREL AND ACCESSORIES 56...............     758,964,074      405,476,219     1,980,781 
    CLOTHING 561-565.......................     624,723,478      301,087,454     1,474,231 
    SHOES 566..............................      55,672,178       54,690,740       261,433 
    OTHER ACCESSORIES 569..................      78,568,418       49,698,025       245,117 
  FURNITURE, FURNISHINGS & EQUIPMENT 57....   1,689,484,791    1,342,810,764     7,511,527 
    FURNITURE 571..........................     409,632,299      378,050,067     1,879,566 
    APPLIANCES 572.........................     139,786,338      135,218,331       701,697 
    ELECTRONICS/MUSIC STORES 573 ..........   1,140,066,154      829,542,366     4,930,264 
  EATING AND DRINKING PLACES 58............   1,363,115,470    1,311,871,711     6,828,211 
  MISCELLANEOUS RETAIL 59..................   2,576,457,344    2,075,794,551    10,816,206 
    DRUG STORES 591........................     516,406,114      473,711,071     2,294,828 
                                                                                           
                                                                                             
                    TABLE 5:  BUSINESS & OCCUPATION TAX:                                   
                              GROSS INCOME, TAXABLE INCOME & TAXDUE                        
                              STATEWIDE AMOUNTS BY INDUSTRY (SIC)                          
                              1ST QUARTER, 1998                                            
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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.......     715,465,928      581,362,298     2,889,729 
    NONSTORE RETAILERS 596.................     346,539,389      206,666,606     1,174,859 
    FUEL AND ICE 598.......................     122,414,140      104,766,947       504,068 
    OTHER RETAIL STORES....................     875,631,773      709,287,629     3,952,722 
FINANCE, INSURANCE AND REAL ESTATE.........   3,991,668,862    2,634,934,323    35,832,751 
  FINANCE 60-62............................   2,534,247,349    1,640,365,302    23,691,999 
  INSURANCE 63-64..........................     831,396,008      427,112,893     4,077,263 
  REAL ESTATE 65-66........................     509,324,791      489,560,686     7,290,488 
  OTHER FINANCE 67.........................     116,700,714       77,895,442       773,001 
SERVICES AND OTHER BUSINESS................  13,052,270,754   10,709,278,538   131,706,857 
  HOTELS, MOTELS, ETC. 70..................     287,879,217      281,335,921     1,612,228 
  PERSONAL SERVICES 72.....................     288,787,278      279,567,744     2,832,043 
    LAUNDRIES, CLEANERS 721................     118,935,574      113,452,206       697,003 
    PHOTOGRAPHIC STUDIOS 722...............      21,963,833       21,348,582       147,266 
    BARBER AND BEAUTY SHOPS 723, 724.......      79,701,117       79,356,234     1,203,612 
    FUNERAL SERVICES 726...................      29,753,759       29,127,802       364,225 
    OTHER PERSONAL SERVICES................      38,432,995       36,282,920       419,937 
  BUSINESS SERVICES 73.....................   4,890,592,514    3,807,251,761    38,708,307 
    ADVERTISING 731........................     147,464,424      112,575,284     1,408,777 
    CREDIT AND COLLECTION AGENCIES 732.....      35,850,134       34,574,809       505,158 
    SERVICES TO DWELLINGS AND BLDGS. 734...     107,812,060      101,057,823     1,339,644 
    COMPUTER SERVICES 737 .................   2,160,101,651    1,760,584,696    19,166,705 
    OTHER BUSINESS SERVICES................   2,439,364,245    1,798,459,149    16,288,023 
  AUTOMOTIVE REPAIR, SERVICES 75...........     805,911,779      754,837,131     3,825,146 
    RENTAL AND LEASING 751.................     299,835,640      277,481,758     1,372,842 
    REPAIR SHOPS 753.......................     418,519,376      392,140,421     1,971,612 
    OTHER AUTOMOTIVE SERVICES..............      87,556,763       85,214,952       480,692 
  MISCELLANEOUS REPAIR SERVICES 76.........     256,480,278      234,776,699     1,251,056 
  MOTION PICTURE THEATERS & PRODUCTION 78..     150,196,492      127,244,664     1,293,062 
  AMUSEMENT AND RECREATION SERVICES 79.....     350,563,341      277,465,126     2,905,144 
  MEDICAL AND HEALTH SERVICES 80...........   3,004,201,334    2,556,235,745    41,638,954 
    DRS/OTHER PRACTITIONERS 801, 803, 804..   1,262,228,824    1,075,462,396    17,833,008 
    DENTISTS 802...........................     409,074,163      407,332,130     7,121,818 
    HOSPITALS 806..........................     906,182,452      721,285,887    10,855,252 
    LABORATORIES 807.......................     117,555,222       98,624,761     1,641,093 
    OTHER HEALTH SERVICES..................     309,160,673      253,530,571     4,187,783 
  LEGAL SERVICES 81........................     510,436,442      492,784,664     9,765,872 
  OTHER SERVICES 82-89.....................   2,473,294,415    1,866,433,390    27,451,111 
    ENGINEERS AND ARCHITECTS 871...........     713,387,236      608,300,962     9,634,493 
    ACCOUNTANTS AND BOOKKEEPERS 872........     314,564,262      276,115,500     4,940,578 
  GOVERNMENT 91-97.........................      26,632,935       24,343,647       370,183 
  OTHER BUSINESS 00,98-99..................       7,294,729        7,002,046        53,751 
TOTAL ALL INDUSTRIES ......................  77,118,202,418   64,251,420,859   423,099,332 
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