Kingsport-Bristol sales tax collection up in July

Kingsport-Bristol retail sales tax collections were back in positive territory in July and tracking with a regional and state improvement trend.

MTSU’s Bureau of Economic Research Center June report on seasonally adjusted collections in the four-county MSA show a 1.4% increase when compared to July 2012.  June’s collections slipped negative by 0.3%.

Collections in the three-county Johnson City MSA have increased on the year-over-year metric since May, but those gains are steadily declining.  In May it was 5.5%, then 2.5% in June and 0.3% in July.

Tennessee collections were 3.4% better in July than they were during the same month last year. State collections have also been higher five of seven months this year and positive every month since May.

That pattern is consistent with collections in NE Tennessee with the exception of Kingsport-Bristol’s June report and in Morristown where collections were negative in June and July.

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