From the Department of Revenue:
Tennessee revenue collections in April ended with a net positive growth over a year ago. Finance and Administration Commissioner Larry Martin reported today that overall April revenues were $1.5 billion or $74.7 million more than the state budgeted. It represents growth of 0.96% over April 2013.
“Total reported collections in April were significantly skewed by a change in the law which affected the due date for business tax payments,” Martin said. “The tax due date is now tied to the taxpayer’s fiscal year, meaning that tax payments for over 90 percent of businesses subject to the tax were due on April 15. Previously, the taxes were paid periodically throughout the year, depending on business classifications.