Quarterly Business Review
4th Quarter, 1998

(PAGE 1 OF 3)       TABLE 5:  BUSINESS & OCCUPATION TAX:                                   
                              GROSS INCOME, TAXABLE INCOME & TAX DUE                        
                              STATEWIDE AMOUNTS BY INDUSTRY (SIC)                          
                              4TH 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..........    $714,489,159     $525,551,268    $3,755,165 
  AGRICULTURAL SERVICES 07.................     393,693,109      352,967,120     2,795,198 
  FORESTRY 08..............................      64,387,015       58,075,289       391,782 
  FISHING, HUNTING & TRAPPING 09...........     140,663,594       28,897,592       153,410 
  OTHER AGRICULTURE........................     115,745,441       85,611,267       414,775 
MINING AND QUARRYING.......................     104,635,702      102,830,130       527,890 
  METAL MINING 10..........................       8,729,449        8,729,449        42,653 
  SAND AND GRAVEL 144......................      37,427,641       37,094,158       200,970 
  OTHER MINING AND QUARRYING...............      58,478,612       57,006,523       284,267 
CONTRACT CONSTRUCTION......................   6,271,071,809    5,709,037,183    28,168,339 
  GENERAL BUILDING CONTRACTORS 15..........   2,639,736,087    2,378,757,390    11,626,819 
  HEAVY CONSTRUCTION (INCL. HIGHWAYS) 16...     802,884,319      760,030,559     3,837,429 
  SPECIAL TRADE CONTRACTORS 17.............   2,828,451,403    2,570,249,234    12,704,091 
    PLUMBING AND HEATING 171...............     513,158,283      476,249,077     2,373,983 
    ELECTRICAL 173.........................     512,844,016      475,579,507     2,350,960 
    MASONRY 174............................     311,543,837      275,359,400     1,333,605 
    OTHER TRADE CONTRACTORS................   1,490,905,267    1,343,061,250     6,645,543 
MANUFACTURING..............................  24,830,415,901   22,435,453,198   109,414,345 
  FOOD PRODUCTS 20.........................   2,266,034,329    1,907,106,394     6,474,730 
    MEAT PRODUCTS 201......................     382,331,932      354,150,557       557,029 
    DAIRY PRODUCTS 202.....................     294,685,573      274,223,273     1,194,255 
    CANNING AND PRESERVING 203.............     458,296,297      421,070,905     1,056,349 
    GRAIN MILL PRODUCTS 204................     203,220,891      183,572,255       830,503 
    BAKERY PRODUCTS 205....................      48,091,200       41,083,826       198,649 
    CONFECTIONERY PRODUCTS 206.............      38,847,353       31,578,051       147,729 
    BEVERAGES 208..........................     298,470,426      208,728,849     1,016,479 
    MISCELLANEOUS FOOD PRODUCTS............     542,090,657      392,698,678     1,473,737 
  APPAREL AND TEXTILES 22, 23..............     171,793,591      102,317,346       494,672 
    MEN'S, YOUTHS', AND BOYS' 231, 232.....      52,536,910       27,743,000       134,382 
    WOMEN'S, MISSES', & JUNIORS' 233, 234..       4,738,516        4,372,481        21,163 
    OTHER APPAREL AND TEXTILES.............     114,518,165       70,201,865       339,127 
  LUMBER AND WOOD PRODUCTS 24..............   1,878,442,465    1,599,779,058     8,070,400 
    LOGGING CAMPS AND CONTRACTORS 241......     462,404,962      365,744,316     1,828,171 
    SAWMILLS AND PLANING MILLS 242.........     682,719,531      638,861,748     3,328,916 
    OTHER WOOD PRODUCTS....................     733,317,972      595,172,994     2,913,313 
  FURNITURE AND FIXTURES 25................     108,952,063       83,864,518       411,112 
    HOUSEHOLD FURNITURE 251................      39,091,898       32,384,598       157,703 
    OTHER FURNITURE AND FIXTURES...........      69,860,165       51,479,920       253,409 
  PAPER AND ALLIED PRODUCTS 26.............     848,741,203      699,068,735     3,393,708 
    PULP/PAPER MILLS 261, 262, 263.........     628,202,357      519,840,010     2,523,526 
    PAPERBOARD CONTAINERS 265..............     120,174,693       94,828,802       462,643 
    CONVERTED PAPER PRODUCTS 267...........     100,364,153       84,399,923       407,539 
  PRINTING, PUBLISHING, ETC. 27............     765,722,447      635,017,522     3,855,652 
    NEWSPAPERS 271.........................     302,644,367      246,626,974     1,216,781 
    PERIODICALS AND BOOKS 272-274..........     194,463,330      156,462,634     1,501,661 
    COMMERCIAL PRINTING 275................     242,733,565      207,445,685     1,011,808 
    OTHER PRINTING.........................      25,881,185       24,482,229       125,402 
  CHEMICALS AND ALLIED PRODUCTS 28.........     362,750,282      317,249,118     1,548,739 
    CHEMICALS AND PLASTICS 281, 282........     152,310,808      129,198,769       625,455 
    DRUGS 283..............................      23,103,753       19,016,689       158,122 
    OTHER CHEMICAL PRODUCTS 284-289........     187,335,721      169,033,660       765,162 
  PETROLEUM REFINING 29....................     324,455,262      268,690,211     1,298,573 
  RUBBER AND PLASTICS PRODUCTS 30..........     168,784,934      146,658,231       712,011 
  LEATHER AND LEATHER PRODUCTS 31..........      20,237,770        4,532,584        21,827 
  STONE/CLAY/GLASS/CONCRETE PRODUCTS 32....     312,507,656      259,390,124     1,262,097 
  PRIMARY METAL INDUSTRIES 33..............     911,091,403      820,006,871     3,976,418 
    IRON & STEEL FOUNDRIES, MILLS 331, 332.     132,121,119      115,798,560       560,480 
    PRIMARY SMELTING/NONFERR0US METALS 333.     436,320,818      435,306,822     2,107,392 
    FOUNDRIES, NONFERROUS METALS 334-339...     342,649,466      268,901,489     1,308,546 
  FABRICATED METAL PRODUCTS 34.............     545,136,113      439,519,194     2,132,854 
    CANS 341...............................      70,418,912       61,782,310       299,024 
    STRUCTURAL PRODUCTS 344................     223,739,172      178,346,495       865,463 
                                                                                           
                                                                                         
                                                                                          
                    TABLE 5:  BUSINESS & OCCUPATION TAX:                     (PAGE 2 OF 3) 
                              GROSS INCOME, TAXABLE INCOME & TAXDUE                        
                              STATEWIDE AMOUNTS BY INDUSTRY (SIC)                          
                              4TH 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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    OTHER FABRICATED METAL PRODUCTS........     250,978,029      199,390,389       968,367 
  MACHINERY, EXCEPT ELECTRIC 35............     984,574,142      758,139,452     3,739,268 
    FARM MACHINERY AND EQUIPMENT 352.......       7,613,499        7,123,829        34,366 
    CONSTRUCTION & HANDLING EQUIPMENT 353..     141,298,222      133,778,864       650,130 
    SPECIAL INDUSTRIAL MACHINERY 355.......     162,763,112      112,654,477       557,060 
    OTHER MACHINERY........................     672,899,309      504,582,282     2,497,712 
  ELECTRICAL MACHINERY AND SUPPLIES 36.....     675,885,663      615,242,632     3,003,023 
  TRANSPORTATION EQUIPMENT 37..............  13,823,608,546   13,346,198,889    66,870,307 
    MOTOR VEHICLES AND EQUIPMENT 371.......      44,175,997       38,659,945       188,577 
    AIRCRAFT AND PARTS 372.................  13,180,165,201   12,782,309,978    64,003,534 
    SHIP AND BOAT BUILDINGS 373............     170,986,591      131,924,398       642,527 
    OTHER TRANSPORTATION EQUIPMENT 374-379.     428,280,757      393,304,568     2,035,669 
  PROFESSIONAL & SCIENTIFIC INSTRUMENTS 38.     425,236,953      279,658,767     1,392,029 
  MISCELLANEOUS MANUFACTURING 39...........     236,461,079      153,013,552       756,925 
TRANSPORTATION AND ALLIED SERVICES.........     991,959,660      765,409,588     4,856,628 
  RAILROADS 40.............................      10,419,500       10,355,519        99,032 
  LOCAL AND SUBURBAN TRANSIT 41............      39,520,831       33,837,463       476,412 
  MOTOR FREIGHT AND WAREHOUSING 42.........     299,887,396      271,426,194     1,910,128 
  WATER TRANSPORTATION 44..................     244,930,418      188,781,814       990,119 
  AIR TRANSPORTATION SERVICES 45...........      83,040,335       50,431,995       426,592 
  TRANSPORTATION SERVICES 46, 47...........     314,161,180      210,576,603       954,345 
COMMUNICATION AND UTILITIES................   2,371,770,872    1,778,358,602    14,204,830 
  COMMUNICATION 48.........................   1,689,766,671    1,232,132,225     7,964,573 
  ELECTRIC COMPANIES 491...................     142,539,217       67,388,258       650,494 
  GAS COMPANIES 492........................       1,064,002          898,654         7,305 
  WATER COMPANIES 494......................      82,506,912       73,489,283     1,047,775 
  OTHER UTILITIES..........................     455,894,070      404,450,182     4,534,683 
WHOLESALE TRADE............................  23,625,132,931   16,478,666,461    83,680,206 
  DURABLE GOODS 50.........................  13,288,025,784    9,346,502,776    49,315,348 
    MOTOR VEHICLES AND AUTO EQUIPMENT 501..   2,126,207,464    1,611,105,046     7,904,607 
    FURNITURE AND HOME FURNISHINGS 502.....     442,633,806      376,465,561     1,872,439 
    LUMBER AND CONSTRUCTION MATERIALS 503..   1,288,453,115      880,378,023     4,294,740 
    PROF/COMM. EQUIP & SUPPLIES 504........   2,355,101,599    2,000,610,184    11,468,290 
    ELECTRICAL GOODS 506...................   2,056,703,437    1,586,396,940     9,320,071 
    HARDWARE/PLUMBING/HEATING SUPPLIES 507.     577,463,792      449,757,148     2,224,550 
    MACHINERY AND EQUIPMENT 508............   2,078,907,837    1,625,242,891     8,018,102 
    OTHER WHOLESALERS 505, 509.............   2,362,554,734      816,546,983     4,212,549 
  NONDURABLE GOODS 51......................  10,337,107,147    7,132,163,685    34,364,858 
    PAPER AND PAPER PRODUCTS 511...........     455,960,263      372,150,827     1,810,868 
    DRUGS AND SUNDRIES 512.................   1,030,936,705      869,018,632     4,231,774 
    APPAREL, PIECE GOODS AND NOTIONS 513...     507,276,206      304,291,794     1,494,932 
    GROCERIES AND RELATED PRODUCTS 514.....   3,656,574,916    2,135,136,631     9,695,177 
    FARM-PRODUCT RAW MATERIALS 515.........     211,294,974       98,794,377       540,543 
    CHEMICALS AND ALLIED PRODUCTS 516......     660,958,925      587,228,054     2,906,643 
    PETROLEUM AND PETROLEUM PRODUCTS 517...   1,840,342,887    1,554,446,709     7,620,532 
    MISCELLANEOUS NONDURABLE GOODS.........   1,973,762,271    1,211,096,661     6,064,389 
RETAIL TRADE...............................  20,197,471,221   17,200,284,377    85,429,860 
  BLDG. MATERIALS, HARDWARE 52.............   1,237,082,809    1,155,475,948     5,561,824 
    LUMBER AND BLDG. MATERIALS 521.........     617,117,366      569,236,426     2,733,215 
    PAINT, GLASS, WALLPAPER 523............      84,479,338       80,854,142       387,878 
    HARDWARE STORES 525....................     320,574,214      309,587,005     1,478,855 
    NURSERIES, GARDEN SUPPLIES 526.........      98,966,520       84,666,324       423,373 
    MOBILE HOME DEALERS 527................     115,945,371      111,132,051       538,503 
    OTHER 522, 524.........................               -                -             - 
  GENERAL MERCHANDISE STORES 53............   2,179,349,286    2,110,989,064    10,156,568 
    DEPARTMENT STORES 531..................   1,182,676,608    1,126,726,890     5,371,454 
    VARIETY STORES 533.....................     624,923,823      618,174,843     3,038,832 
    OTHER GENERAL MERCHANDISE..............     371,748,855      366,087,331     1,746,282 
  FOOD STORES 54...........................   3,642,022,182    3,451,654,428    16,513,034 
    GROCERY STORES 541.....................   3,321,837,585    3,194,872,744    15,297,292 
    FRUIT/VEGETABLE/MEAT MARKETS 542, 543..      95,207,971       70,873,043       308,168 
    CANDY, NUT AND CONFECTIONERY 544.......      22,021,949       20,735,828        98,916 
                                                                                           
                                                                                           
                                                                                           
(PAGE 3 OF 3)       TABLE 5:  BUSINESS & OCCUPATION TAX:                                   
                              GROSS INCOME, TAXABLE INCOME & TAXDUE                        
                              STATEWIDE AMOUNTS BY INDUSTRY (SIC)                          
                              4TH 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.....................      13,209,340       11,315,960        56,231 
    BAKERIES 546...........................      96,620,741       85,431,358       414,277 
    OTHER FOOD STORES 549..................      93,124,596       68,425,495       338,150 
  AUTOMOTIVE DEALERS & GAS STATIONS 55.....   4,373,940,260    3,912,011,825    19,187,890 
    AUTO DEALERS (NEW & USED) 551, 552.....   2,749,770,553    2,625,203,691    12,902,171 
    ACCESSORY DEALERS 553..................     560,771,342      507,166,106     2,471,828 
    SERVICE STATIONS 554...................     749,501,891      544,791,411     2,627,997 
    MARINE, AIRCRAFT, ETC..................     313,896,474      234,850,617     1,185,894 
  APPAREL AND ACCESSORIES 56...............   1,275,595,555      605,506,648     2,922,489 
    CLOTHING 561-565.......................   1,112,233,431      471,783,583     2,275,201 
    SHOES 566..............................      64,910,664       63,140,556       299,970 
    OTHER ACCESSORIES 569..................      98,451,460       70,582,509       347,318 
  FURNITURE, FURNISHINGS & EQUIPMENT 57....   2,279,230,594    1,622,642,608     8,630,820 
    FURNITURE 571..........................     553,500,258      511,345,131     2,503,972 
    APPLIANCES 572.........................     175,541,506      171,949,508       869,212 
    ELECTRONICS/MUSIC STORES 573 ..........   1,550,188,830      939,347,969     5,257,636 
  EATING AND DRINKING PLACES 58............   1,492,882,840    1,438,773,840     7,384,633 
  MISCELLANEOUS RETAIL 59..................   3,717,367,695    2,903,230,016    15,072,602 
    DRUG STORES 591........................     605,726,338      560,474,239     2,685,988 
    MISCELLANEOUS SHOPPING GOODS 594.......   1,020,257,041      830,884,720     4,061,476 
    NONSTORE RETAILERS 596.................     486,603,500      291,740,165     1,669,742 
    FUEL DEALERS 598.......................     124,170,840      107,888,696       523,956 
    OTHER RETAIL STORES....................   1,480,609,976    1,112,242,196     6,131,440 
FINANCE, INSURANCE AND REAL ESTATE.........   4,887,249,607    3,076,376,282    37,407,918 
  FINANCE 60-62............................   2,901,288,740    1,694,592,592    22,689,955 
  INSURANCE 63-64..........................   1,029,923,499      580,468,352     4,757,502 
  REAL ESTATE 65...........................     732,583,728      677,587,659     8,720,911 
  OTHER FINANCE 67.........................     223,453,640      123,727,679     1,239,550 
SERVICES AND OTHER BUSINESS................  14,986,080,175   11,862,276,030   128,175,184 
  HOTELS, MOTELS, ETC. 70..................     305,556,117      296,958,165     1,478,985 
  PERSONAL SERVICES 72.....................     410,552,253      397,919,742     4,043,727 
    LAUNDRIES, CLEANERS 721................     142,619,999      137,523,347       932,516 
    PHOTOGRAPHIC STUDIOS 722...............      45,199,561       43,689,996       272,831 
    BARBER AND BEAUTY SHOPS 723, 724.......     148,609,976      148,218,554     2,092,056 
    FUNERAL SERVICES 726...................      27,732,683       27,055,234       293,441 
    OTHER PERSONAL SERVICES................      46,390,034       41,432,611       452,883 
  BUSINESS SERVICES 73.....................   5,142,632,741    3,745,561,768    34,441,232 
    ADVERTISING 731........................     184,340,340      135,219,423     1,406,327 
    CREDIT AND COLLECTION AGENCIES 732.....      37,853,011       36,793,124       444,343 
    SERVICES TO DWELLINGS AND BLDGS. 734...     159,177,590      151,552,010     1,821,356 
    COMPUTER SERVICES 737 .................   1,593,418,200    1,133,193,923    11,262,107 
    OTHER BUSINESS SERVICES................   3,167,843,600    2,288,803,288    19,507,099 
  AUTOMOTIVE REPAIR, SERVICES 75...........     944,645,766      892,731,648     4,427,434 
    RENTAL AND LEASING 751.................     396,282,201      372,979,900     1,839,679 
    REPAIR SHOPS 753.......................     449,573,979      424,390,960     2,062,736 
    OTHER AUTOMOTIVE SERVICES..............      98,789,586       95,360,788       525,019 
  MISCELLANEOUS REPAIR SERVICES 76.........     321,964,900      296,737,458     1,607,630 
  MOTION PICTURE THEATERS & PRODUCTION 78..     211,091,030      145,283,479     1,265,406 
  AMUSEMENT AND RECREATION SERVICES 79.....     448,386,971      350,511,374     3,244,924 
  MEDICAL AND HEALTH SERVICES 80...........   3,308,933,692    2,763,506,639    40,083,234 
    DRS/OTHER PRACTITIONERS 801, 803, 804..   1,461,333,894    1,223,947,065    17,754,754 
    DENTISTS 802...........................     414,518,337      412,766,483     6,179,954 
    HOSPITALS 806..........................     969,776,265      769,649,145    11,288,314 
    LABORATORIES 807.......................     144,314,432      109,082,422     1,332,657 
    OTHER HEALTH SERVICES..................     318,990,764      248,061,524     3,527,555 
  LEGAL SERVICES 81........................     592,432,444      573,377,635     8,656,399 
  OTHER SERVICES 82-89.....................   3,241,968,877    2,355,814,175    28,440,955 
    ENGINEERS AND ARCHITECTS 871...........     834,946,487      689,380,003     8,739,646 
    ACCOUNTANTS AND BOOKKEEPERS 872........     319,189,404      273,023,707     3,918,126 
  GOVERNMENT 91-97.........................      42,441,635       29,538,705       372,205 
  OTHER BUSINESS 00,99.....................      15,473,749       14,335,242       113,053 
TOTAL ALL INDUSTRIES ...................... $98,980,277,037  $79,934,243,119  $495,620,365