State Tax Collections Up 12.1%

January 15, 2013, 11:47 AM HST · Updated January 15, 11:49 AM
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By Sonia Isotov

Six months into the current fiscal year (2013), general fund deposits are up by 12.1 % compared with the same period in fiscal year 2012, according to preliminary statistics released by the Hawaii Department of Taxation on Monday.

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General excise and use taxes, the largest single category of collections, were $224.7 million in December for the state of Hawaii. For the 2013 fiscal year, general excise and use taxes have increased by 11.4% over the previous fiscal year.

Individual income tax collections were $163.2 million for the month and total fiscal year 2012 individual income tax collections were up 14.5% for the first six month.

Transient accommodations tax (TAT) collections were $23.5 million for the month. Compared to fiscal year 2012, TAT collections are up by 13.4%.

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