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Governor Perdue Announces June Revenue Figures

Friday, July 13, 2007  Contact: Office of Communications 404-651-7774

 

 

ATLANTA – Governor Sonny Perdue announced today that net revenue collections for the month of June 2007 (FY07) totaled $1,681,040,000 compared to $ 1,570,584,000 for June 2006 (FY06), an increase of $ 110,456,000 or 7.0 percent. 

The percentage increase for FY07 compared to FY06 is 7.5 percent. 

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GEORGIA DEPARTMENT OF REVENUE

Comparative Net Revenue Collections

(unaudited - 000's)

 

 

 

 

 For the Month Ended

 

 

 

 

 

 June 2006  (FY 2006)

 June 2007  (FY 2007)

 $ Change

% Change

Tax Revenues:

 

 

 

 

 

Income Tax - Individual

 $      750,639

 $       790,880

 $      40,241

5.4%

 

Sales and Use Tax - General:

 

 

 

 

 

 

Sales and Use Tax - Gross

 $      937,437

 $       969,335

 $      31,898

3.4%

 

 

Local Sales Tax Distribution

 $    (394,782)

 $     (437,272)

 $    (42,490)

-10.8%

 

 

Sales Tax Refunds/Adjustments

 $      (23,942)

 $         (3,313)

 $      20,629

86.2%

 

Net Sales and Use Tax - General

 $      518,713

 $       528,750

 $      10,037

1.9%

 

Motor Fuel Taxes:

 

 

 

 

 

 

Prepaid Motor Fuel Sales Tax

 $        33,050

 $         34,771

 $        1,721

5.2%

 

 

Motor Fuel Excise Tax                                        

 $        38,183

 $         39,383

 $        1,200

3.1%

 

Total Motor Fuel Taxes

 $        71,233

 $         74,154

 $        2,921

4.1%

 

Income Tax - Corporate

 $      130,890

 $       203,856

 $      72,966

55.7%

 

Tobacco Taxes

 $        32,322

 $         34,271

 $        1,949

6.0%

 

Alcohol Beverages Tax

 $        17,313

 $         17,014

 $         (299)

-1.7%

 

Estate Tax

 $               89

 $                98

 $               9

10.1%

 

Property Tax

 $          2,082

 $           1,260

 $         (822)

-39.5%

 

Motor Vehicle - Tag, Title & Fees

 $        23,300

 $         23,183

 $         (117)

-0.5%

Total Tax Revenues

 $   1,546,581

 $    1,673,466

 $    126,885

8.2%

Other Revenues:

 

 

 

 

 

   Other Fees and Sales

 $        24,003

 $           7,574

 $    (16,429)

-68.4%

Total Taxes/Other Revenues

 $   1,570,584

 $    1,681,040

 $    110,456

7.0%

 

 

 

 

 

 

 

 

 

 

Year-to-date

 

 

 

 

GENERAL FUND

FY 2006

FY 2007

$ Change

% Change

Tax Revenues:

 

 

 

 

 

Income Tax - Individual

 $   8,040,624

 $    8,799,418

 $    758,794

9.4%

 

Sales and Use Tax - General:

 

 

 

 

 

 

Sales and Use Tax - Gross

 $ 10,205,112

 $  10,770,909

 $    565,797

5.5%

 

 

Local Sales Tax Distribution

 $ (4,345,970)

 $  (4,723,342)

 $  (377,372)

-8.7%

 

 

Sales Tax Refunds/Adjustments

 $    (113,733)

 $       (98,057)

 $      15,676

13.8%

 

Net Sales and Use Tax - General

 $   5,745,409

 $    5,949,510

 $    204,101

3.6%

 

Motor Fuel Taxes:

 

 

 

 

 

 

Prepaid Motor Fuel SalesTax

 $      368,009

 $       468,389

 $    100,380

27.3%

 

 

Motor Fuel Excise Tax

 $      433,328

 $       493,449

 $      60,121

13.9%

 

     Total Motor Fuel Taxes

 $      801,337

 $       961,838

 $    160,501

20.0%

 

Income Tax - Corporate

 $      862,868

 $    1,017,185

 $    154,317

17.9%

 

Tobacco Taxes

 $      243,538

 $       242,800

 $         (738)

-0.3%

 

Alcohol Beverages Tax

 $      156,143

 $       160,070

 $        3,927

2.5%

 

Estate Tax

 $        10,316

 $           1,426

 $      (8,890)

-86.2%

 

Property Tax

 $        73,023

 $         76,637

 $        3,614

4.9%

 

Motor Vehicle - Tag, Title & Fees

 $      299,078

 $       304,126

 $        5,048

1.7%

Total Tax Revenues

 $ 16,232,336

 $  17,513,010

 $ 1,280,674

7.9%

Other Revenues:

 

 

 

 

 

   Other Fees and Sales

 $      133,796

 $         87,116

 $    (46,680)

-34.9%

Total Taxes/Other Revenues

 $ 16,366,132

 $  17,600,126

 $ 1,233,994

7.5%