Sales tax revenues post 11th monthly increase
The parish economy continues to heat up as demonstrated by the parish posting its 11th consecutive month of increased tax collections over the previous year.
The February Sales and Use Tax Department report of the 4 percent tax collection through the parish showed $3.46 million was collected, which is 10 percent more than the February 2013 collection of $3.15 million.
The February increase was half of January’s jump of 21.8 percent, but remains encouraging to St. Mary Parish Sales and Use Tax Department director Jeffrey LaGrange.
“Things are looking up,” LaGrange said. “Everybody has plenty of work.”
Six audit examinations yielded $144,670 in tax collection for February bringing the two-month total for the year by audit to $344,384.
The tax department has nearly a million dollars in escrow for taxes that have been paid under protest. LaGrange said one of those cases is expected to be litigated and resolved next week in a hearing. That case involves more than $300,000 of the $853,275 in the protest escrow fund.
February’s collection of the 4 percent tax on hotels was $53,483 down from last year by 17.1 percent.
The February collection for occupational licenses was as follows: Morgan City, $347,391; St. Mary Parish, $274,106; Patterson, $41,589; Berwick, $78,995; Franklin, $81,792; Baldwin, $14,969.