DOTAX: JUNE 2018: PRELIMINARY COMPARATIVE STATEMENT OF STATE GENERAL FUND TAX REVENUES

Posted on Jul 11, 2018 in Latest News

At the end of the fiscal year for the period ending June 2018, the cumulative general fund tax deposits are up by 7.6% compared with the same period in FY 2017. General excise and use tax (GET) collections, the largest single category of tax collections, were $267.4 million in June. For FY 2018, cumulative collections of the GET are up by 4.8% compared to the previous fiscal year. Individual income tax collections were $224.0 million in June. Cumulative collections of the individual income tax are up by 13.7% from last fiscal year. Transient accommodations tax (TAT) collections were $44.1 million for the month. Compared to the same period in FY 2017, TAT collections are up by 9.2%.

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Deborah Kwan | State of Hawaii – Department of Taxation
830 Punchbowl Street, Rm 221, Honolulu, Hawaii 96813
(808) 587-1481 | deborah.kwan@hawaii.gov | http://tax.hawaii.gov