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Again: Sales tax down, tourism up
by Jebb Johnston
Jun 17, 2013 | 194 views | 0 0 comments | 45 45 recommendations | email to a friend | print
A trend of small decreases for Corinth sales tax continued in the latest reported month.

Figures released by the Mississippi Department of Revenue on Friday showed the city will receive $464,977.28 this month, a decrease of 1.5 percent, or about $5,000, from one year ago. This month’s sales tax diversion reflects sales activity in local establishments during the month of April.

It is the fourth consecutive month of declines. The Christmas shopping period of December was the last month to produce positive growth.

The year-to-date total of $4.121 million is up about half of a percentage point from the same point a year earlier.

Collections across the state for the latest month rose 3.5 percent, but northeast Mississippi didn’t follow that pattern, with 11 area municipalities posting decreases.

The 2 percent tourism tax collected at Corinth restaurants and hotels had another big month, however, with $101,257.29, an 11 percent spike, and only the third month that the tax has ever generated more than $100,000. The tax has posted eight consecutive monthly increases.

The year-to-date total for the tourism tax is $816,862.45, a 5 percent increase.

Other sales tax results from the region (percentages rounded):

n Booneville - $144,569.65 (-6%)

n Burnsville - $12,035.97 (-16%)

n Farmington - $4,045.46 (-20%)

n Glen - $1,971.75 (-1%)

n Iuka - $63,582.49 (-16%)

n Kossuth - $3,509.29 (-3%)

n Rienzi - $3,881.92 (-9%)

n Ripley - $98,341.35 (-8%)

n Tupelo - $1,459,613.48 (-0%)

n Walnut - $17,831.80 (-5%)
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