Quarterly Business Review
3rd Quarter, 1998

(PAGE 1 OF 3)       TABLE 5:  BUSINESS & OCCUPATION TAX:                                   
                              GROSS INCOME, TAXABLE INCOME & TAX DUE                        
                              STATEWIDE AMOUNTS BY INDUSTRY (SIC)                          
                              3RD QUARTER, 1998                                            
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  INDUSTRY AND SIC NUMBER                        INCOME SUBJECT TO B&O TAX        ACCRUED 
                                                  GROSS           TAXABLE         B&O TAX 
__________________________________________________________________________________________ 
                                                                                           
AGRICULTURE, FORESTRY AND FISHING..........    $575,979,933     $489,923,078    $3,414,639 
  AGRICULTURAL SERVICES 07.................     384,474,892      351,529,457     2,641,637 
  FORESTRY 08..............................      51,667,297       44,885,747       300,671 
  FISHING, HUNTING & TRAPPING 09...........      44,252,539       17,603,611       108,399 
  OTHER AGRICULTURE........................      95,585,205       75,904,263       363,932 
MINING AND QUARRYING.......................     116,457,120      114,545,191       571,684 
  METAL MINING 10..........................       9,605,657        9,595,389        47,305 
  SAND AND GRAVEL 144......................      52,862,863       52,638,640       266,183 
  OTHER MINING AND QUARRYING...............      53,988,600       52,311,162       258,196 
CONTRACT CONSTRUCTION......................   6,276,217,367    5,725,663,051    27,846,899 
  GENERAL BUILDING CONTRACTORS 15..........   2,559,991,307    2,305,726,151    11,113,579 
  HEAVY CONSTRUCTION (INCL. HIGHWAYS) 16...     896,665,583      846,469,047     4,130,248 
  SPECIAL TRADE CONTRACTORS 17.............   2,819,560,477    2,573,467,853    12,603,072 
    PLUMBING AND HEATING 171...............     524,524,558      488,538,645     2,429,195 
    ELECTRICAL 173.........................     506,742,953      461,736,888     2,268,776 
    MASONRY 174............................     276,649,642      259,278,895     1,248,090 
    OTHER TRADE CONTRACTORS................   1,511,643,324    1,363,913,425     6,657,011 
MANUFACTURING..............................  19,680,037,737   17,416,895,914    84,412,279 
  FOOD PRODUCTS 20.........................   2,227,230,065    1,868,299,938     6,294,124 
    MEAT PRODUCTS 201......................     387,256,434      360,679,419       569,836 
    DAIRY PRODUCTS 202.....................     293,925,251      275,545,198     1,155,093 
    CANNING AND PRESERVING 203.............     438,285,622      402,879,594     1,034,562 
    GRAIN MILL PRODUCTS 204................     213,853,914      187,786,396       852,343 
    BAKERY PRODUCTS 205....................      51,052,036       44,262,382       214,068 
    CONFECTIONERY PRODUCTS 206.............      16,796,255       12,596,260        55,330 
    BEVERAGES 208..........................     294,040,098      214,537,762     1,057,095 
    MISCELLANEOUS FOOD PRODUCTS............     532,020,455      370,012,927     1,355,797 
  APPAREL AND TEXTILES 22, 23..............     173,457,801      108,179,079       523,164 
    MEN'S, YOUTHS', AND BOYS' 231, 232.....      61,703,949       34,133,405       165,320 
    WOMEN'S, MISSES', & JUNIORS' 233, 234..       4,969,953        4,603,324        22,476 
    OTHER APPAREL AND TEXTILES.............     106,783,899       69,442,350       335,368 
  LUMBER AND WOOD PRODUCTS 24..............   1,961,572,062    1,669,937,714     8,406,253 
    LOGGING CAMPS AND CONTRACTORS 241......     410,566,370      318,052,003     1,588,709 
    SAWMILLS AND PLANING MILLS 242.........     762,492,659      721,787,063     3,710,987 
    OTHER WOOD PRODUCTS....................     788,513,033      630,098,648     3,106,557 
  FURNITURE AND FIXTURES 25................     106,392,208       84,821,503       413,876 
    HOUSEHOLD FURNITURE 251................      37,188,264       30,812,231       147,867 
    OTHER FURNITURE AND FIXTURES...........      69,203,944       54,009,272       266,009 
  PAPER AND ALLIED PRODUCTS 26.............     872,817,686      710,528,488     3,451,883 
    PULP/PAPER MILLS 261, 262, 263.........     648,874,113      523,955,242     2,545,401 
    PAPERBOARD CONTAINERS 265..............     121,927,381       98,318,421       480,251 
    CONVERTED PAPER PRODUCTS 267...........     102,016,192       88,254,825       426,231 
  PRINTING, PUBLISHING, ETC. 27............     677,406,109      570,332,820     3,329,392 
    NEWSPAPERS 271.........................     260,285,535      219,467,851     1,077,393 
    PERIODICALS AND BOOKS 272-274..........     162,632,903      130,595,393     1,182,424 
    COMMERCIAL PRINTING 275................     227,723,105      195,359,143       945,936 
    OTHER PRINTING.........................      26,764,566       24,910,433       123,639 
  CHEMICALS AND ALLIED PRODUCTS 28.........     390,962,063      343,191,730     1,685,992 
    CHEMICALS AND PLASTICS 281, 282........     165,548,384      143,608,097       694,879 
    DRUGS 283..............................      20,408,656       11,857,289        59,364 
    OTHER CHEMICAL PRODUCTS 284-289........     205,005,023      187,726,344       931,749 
  PETROLEUM REFINING 29....................     340,523,270      290,842,682     1,406,183 
  RUBBER AND PLASTICS PRODUCTS 30..........     182,603,408      157,623,551       764,976 
  LEATHER AND LEATHER PRODUCTS 31..........      17,905,659        4,749,106        22,894 
  STONE/CLAY/GLASS/CONCRETE PRODUCTS 32....     359,227,606      300,295,892     1,458,361 
  PRIMARY METAL INDUSTRIES 33..............     986,833,939      891,739,522     4,321,954 
    IRON & STEEL FOUNDRIES, MILLS 331, 332.     162,634,955      145,028,661       701,661 
    PRIMARY SMELTING/NONFERR0US METALS 333.     492,363,539      490,964,861     2,376,870 
    FOUNDRIES, NONFERROUS METALS 334-339...     331,835,445      255,746,000     1,243,423 
  FABRICATED METAL PRODUCTS 34.............     574,969,900      474,938,377     2,302,182 
    CANS 341...............................      81,051,021       73,940,302       357,871 
    STRUCTURAL PRODUCTS 344................     227,968,507      190,568,769       922,371 

                                                                                           
                    TABLE 5:  BUSINESS & OCCUPATION TAX:                     (PAGE 2 OF 3) 
                              GROSS INCOME, TAXABLE INCOME & TAX DUE                        
                              STATEWIDE AMOUNTS BY INDUSTRY (SIC)                          
                              3RD QUARTER, 1998                                            
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  INDUSTRY AND SIC NUMBER                        INCOME SUBJECT TO B&O TAX        ACCRUED 
                                                  GROSS           TAXABLE         B&O TAX 
__________________________________________________________________________________________ 
                                                                                           
    OTHER FABRICATED METAL PRODUCTS........     265,950,372      210,429,306     1,021,940 
  MACHINERY, EXCEPT ELECTRIC 35............     886,691,830      715,283,471     3,511,792 
    FARM MACHINERY AND EQUIPMENT 352.......       5,939,410        5,394,247        26,027 
    CONSTRUCTION & HANDLING EQUIPMENT 353..     124,029,223      117,431,004       569,444 
    SPECIAL INDUSTRIAL MACHINERY 355.......     128,041,124      102,827,248       495,227 
    OTHER MACHINERY........................     628,682,073      489,630,972     2,421,094 
  ELECTRICAL MACHINERY AND SUPPLIES 36.....     629,698,216      544,289,299     2,668,233 
  TRANSPORTATION EQUIPMENT 37..............   8,672,185,567    8,260,873,288    41,779,073 
    MOTOR VEHICLES AND EQUIPMENT 371.......      49,501,488       43,418,992       211,067 
    AIRCRAFT AND PARTS 372.................   8,007,651,046    7,666,969,267    38,819,600 
    SHIP AND BOAT BUILDINGS 373............     189,696,864      159,814,147       775,768 
    OTHER TRANSPORTATION EQUIPMENT 374-379.     425,336,169      390,670,882     1,972,638 
  PROFESSIONAL & SCIENTIFIC INSTRUMENTS 38.     403,147,585      274,095,569     1,350,599 
  MISCELLANEOUS MANUFACTURING 39...........     216,412,763      146,873,885       721,348 
TRANSPORTATION AND ALLIED SERVICES.........     837,888,841      692,452,685     4,377,863 
  RAILROADS 40.............................      12,321,363       12,317,791       105,596 
  LOCAL AND SUBURBAN TRANSIT 41............      25,686,733       20,779,732       284,529 
  MOTOR FREIGHT AND WAREHOUSING 42.........     273,408,823      253,562,162     1,815,167 
  WATER TRANSPORTATION 44..................     246,243,124      192,349,764     1,027,950 
  AIR TRANSPORTATION SERVICES 45...........      76,764,846       46,416,364       373,746 
  TRANSPORTATION SERVICES 46, 47...........     203,463,952      167,026,872       770,875 
COMMUNICATION AND UTILITIES................   2,363,331,924    2,089,841,767    15,857,708 
  COMMUNICATION 48.........................   1,612,464,755    1,390,862,087     8,797,520 
  ELECTRIC COMPANIES 491...................      77,000,919       75,576,922       702,893 
  GAS COMPANIES 492........................         911,976          707,926         4,464 
  WATER COMPANIES 494......................      87,376,018       79,295,235     1,090,530 
  OTHER UTILITIES..........................     585,578,256      543,399,597     5,262,301 
WHOLESALE TRADE............................  20,754,003,590   15,860,423,404    79,581,035 
  DURABLE GOODS 50.........................  11,576,678,873    8,911,966,499    46,043,438 
    MOTOR VEHICLES AND AUTO EQUIPMENT 501..   1,890,141,665    1,399,193,865     6,909,474 
    FURNITURE AND HOME FURNISHINGS 502.....     422,385,331      369,041,331     1,829,093 
    LUMBER AND CONSTRUCTION MATERIALS 503..   1,279,941,340      994,788,343     4,838,270 
    PROF/COMM. EQUIP & SUPPLIES 504........   1,996,401,457    1,735,860,848     9,075,209 
    ELECTRICAL GOODS 506...................   1,918,468,947    1,526,120,749     8,946,262 
    HARDWARE/PLUMBING/HEATING SUPPLIES 507.     576,270,783      469,537,270     2,317,594 
    MACHINERY AND EQUIPMENT 508............   2,040,781,084    1,656,278,452     8,101,518 
    OTHER WHOLESALERS 505, 509.............   1,452,288,266      761,145,641     4,026,018 
  NONDURABLE GOODS 51......................   9,177,324,717    6,948,456,905    33,537,597 
    PAPER AND PAPER PRODUCTS 511...........     429,180,303      390,938,991     1,900,208 
    DRUGS AND SUNDRIES 512.................     926,120,085      761,533,342     3,714,247 
    APPAREL, PIECE GOODS AND NOTIONS 513...     511,579,488      287,149,503     1,411,695 
    GROCERIES AND RELATED PRODUCTS 514.....   3,012,550,667    1,976,313,603     9,043,272 
    FARM-PRODUCT RAW MATERIALS 515.........     111,894,499       81,609,316       513,045 
    CHEMICALS AND ALLIED PRODUCTS 516......     718,049,078      642,130,045     3,138,143 
    PETROLEUM AND PETROLEUM PRODUCTS 517...   1,840,304,112    1,587,970,600     7,758,209 
    MISCELLANEOUS NONDURABLE GOODS.........   1,627,646,485    1,220,811,505     6,058,778 
RETAIL TRADE...............................  18,933,633,745   16,443,412,270    81,414,403 
  BLDG. MATERIALS, HARDWARE 52.............   1,379,174,839    1,308,265,051     6,287,135 
    LUMBER AND BLDG. MATERIALS 521.........     721,376,671      675,166,980     3,238,612 
    PAINT, GLASS, WALLPAPER 523............     111,548,272      106,815,641       511,393 
    HARDWARE STORES 525....................     338,539,374      329,577,493     1,575,731 
    NURSERIES, GARDEN SUPPLIES 526.........      87,083,644       80,916,102       400,009 
    MOBILE HOME DEALERS 527................     120,626,878      115,788,835       561,390 
    OTHER 522, 524.........................               -                -             - 
  GENERAL MERCHANDISE STORES 53............   1,885,200,517    1,834,253,657     9,111,708 
    DEPARTMENT STORES 531..................     864,803,732      821,098,867     3,932,979 
    VARIETY STORES 533.....................     719,807,234      718,273,827     3,772,817 
    OTHER GENERAL MERCHANDISE..............     300,589,551      294,880,963     1,405,912 
  FOOD STORES 54...........................   3,474,150,769    3,284,157,211    15,674,560 
    GROCERY STORES 541.....................   3,186,364,923    3,059,235,720    14,632,218 
    FRUIT/VEGETABLE/MEAT MARKETS 542, 543..      89,408,741       61,760,662       253,054 
    CANDY, NUT AND CONFECTIONERY 544.......      10,652,009       10,169,028        48,619
                                                                                           
(PAGE 3 OF 3)       TABLE 5:  BUSINESS & OCCUPATION TAX:                                   
                              GROSS INCOME, TAXABLE INCOME & TAX DUE                        
                              STATEWIDE AMOUNTS BY INDUSTRY (SIC)                          
                              3RD 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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    DAIRY PRODUCTS 545.....................       9,207,974        7,496,700        35,897 
    BAKERIES 546...........................      93,275,814       83,457,808       403,560 
    OTHER FOOD STORES 549..................      85,241,308       62,037,293       301,212 
  AUTOMOTIVE DEALERS & GAS STATIONS 55.....   4,791,859,970    4,263,996,512    20,915,356 
    AUTO DEALERS (NEW & USED) 551, 552.....   2,981,536,369    2,851,906,286    14,017,684 
    ACCESSORY DEALERS 553..................     553,144,787      506,170,093     2,460,122 
    SERVICE STATIONS 554...................     832,827,570      569,950,855     2,743,370 
    MARINE, AIRCRAFT, ETC..................     424,351,244      335,969,278     1,694,180 
  APPAREL AND ACCESSORIES 56...............     905,861,520      532,445,964     2,566,429 
    CLOTHING 561-565.......................     738,798,076      398,161,263     1,919,870 
    SHOES 566..............................      69,777,436       68,490,035       325,864 
    OTHER ACCESSORIES 569..................      97,286,008       65,794,666       320,695 
  FURNITURE, FURNISHINGS & EQUIPMENT 57....   2,069,433,138    1,410,642,744     7,428,337 
    FURNITURE 571..........................     486,943,302      446,696,673     2,187,381 
    APPLIANCES 572.........................     143,588,895      139,189,703       708,304 
    ELECTRONICS/MUSIC STORES 573 ..........   1,438,900,941      824,756,368     4,532,652 
  EATING AND DRINKING PLACES 58............   1,602,175,055    1,547,232,539     7,854,288 
  MISCELLANEOUS RETAIL 59..................   2,825,777,937    2,262,418,592    11,576,590 
    DRUG STORES 591........................     540,954,692      496,516,916     2,380,895 
    MISCELLANEOUS SHOPPING GOODS 594.......     769,828,445      617,169,593     3,034,765 
    NONSTORE RETAILERS 596.................     364,339,104      215,861,249     1,187,545 
    FUEL DEALERS 598.......................     121,560,575      100,960,945       486,497 
    OTHER RETAIL STORES....................   1,029,095,121      831,909,889     4,486,888 
FINANCE, INSURANCE AND REAL ESTATE.........   3,765,103,011    2,792,526,478    34,150,393 
  FINANCE 60-62............................   2,026,360,742    1,634,863,091    21,948,763 
  INSURANCE 63-64..........................     919,529,005      442,297,515     3,510,641 
  REAL ESTATE 65...........................     679,524,175      627,367,417     7,954,897 
  OTHER FINANCE 67.........................     139,689,089       87,998,455       736,092 
SERVICES AND OTHER BUSINESS................  14,249,849,482   11,614,444,695   117,320,144 
  HOTELS, MOTELS, ETC. 70..................     454,802,543      445,907,823     2,249,246 
  PERSONAL SERVICES 72.....................     317,336,266      304,197,154     2,774,316 
    LAUNDRIES, CLEANERS 721................     137,736,405      130,223,380       852,548 
    PHOTOGRAPHIC STUDIOS 722...............      29,434,928       28,612,469       177,011 
    BARBER AND BEAUTY SHOPS 723, 724.......      86,495,633       86,038,049     1,137,833 
    FUNERAL SERVICES 726...................      27,120,489       26,598,760       289,398 
    OTHER PERSONAL SERVICES................      36,548,811       32,724,496       317,526 
  BUSINESS SERVICES 73.....................   5,239,684,593    4,050,887,511    32,371,651 
    ADVERTISING 731........................     163,671,700      121,812,957     1,240,251 
    CREDIT AND COLLECTION AGENCIES 732.....      34,022,654       32,578,457       420,730 
    SERVICES TO DWELLINGS AND BLDGS. 734...     125,588,792      117,418,348     1,290,270 
    COMPUTER SERVICES 737 .................   2,179,580,181    1,767,614,019    13,427,762 
    OTHER BUSINESS SERVICES................   2,736,821,266    2,011,463,730    15,992,638 
  AUTOMOTIVE REPAIR, SERVICES 75...........     930,670,967      886,276,584     4,352,916 
    RENTAL AND LEASING 751.................     368,081,160      353,578,629     1,732,233 
    REPAIR SHOPS 753.......................     464,355,545      437,968,257     2,110,324 
    OTHER AUTOMOTIVE SERVICES..............      98,234,262       94,729,698       510,359 
  MISCELLANEOUS REPAIR SERVICES 76.........     293,993,527      271,184,048     1,414,335 
  MOTION PICTURE THEATERS & PRODUCTION 78..     147,560,248      133,266,271     1,177,042 
  AMUSEMENT AND RECREATION SERVICES 79.....     487,137,249      398,958,957     3,541,276 
  MEDICAL AND HEALTH SERVICES 80...........   3,184,320,826    2,668,026,127    38,805,386 
    DRS/OTHER PRACTITIONERS 801, 803, 804..   1,350,612,013    1,119,668,931    16,140,847 
    DENTISTS 802...........................     420,034,957      418,491,724     6,267,867 
    HOSPITALS 806..........................     978,537,720      791,426,674    11,615,421 
    LABORATORIES 807.......................     133,308,258      100,957,401     1,410,704 
    OTHER HEALTH SERVICES..................     301,827,878      237,481,397     3,370,547 
  LEGAL SERVICES 81........................     539,231,363      520,115,396     7,794,228 
  OTHER SERVICES 82-89.....................   2,599,562,694    1,889,753,692    22,373,624 
    ENGINEERS AND ARCHITECTS 871...........     702,438,831      604,682,962     7,906,758 
    ACCOUNTANTS AND BOOKKEEPERS 872........     249,730,270      210,633,636     2,892,418 
  GOVERNMENT 91-97.........................      35,380,279       31,789,976       379,601 
  OTHER BUSINESS 00,99.....................      20,168,927       14,081,156        86,523 
TOTAL ALL INDUSTRIES ...................... $87,552,502,750  $73,240,128,533  $448,947,047

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