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TN Sales Taxes Post Largest Growth since 2006

By Todd Hatton

Murray, KY – An almost 8 and a half percent growth rate in Tennessee's monthly sales tax collections marks the state's highest rate since January 2006. The state Finance Department reports they collected 5 hundred and fifty-five million dollars in sales taxes in September, 13 million more than projected. Corporate franchise and excise taxes fell however, 16 million below the budget estimate.