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Governor Perdue Announces October Revenue Figures
| Wednesday, November 8, 2006 |
Contact: Office of Communications 404-651-7774, Charles Willey, DOR, (404) 417-2106
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Governor Perdue Announces October Revenue Figures
ATLANTA – Governor Sonny Perdue announced today that net revenue collections for the month of October 2006 (FY07) totaled $1,342,193,000 compared to $1,304,776,000 for October 2005 (FY06), an increase of $37,417,000 or 2.9 percent.
The percentage increase year-to-date for FY07 compared to FY06 is 5.6 percent.
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GEORGIA DEPARTMENT OF REVENUE |
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Comparative Net Revenue Collections (unaudited - 000's) |
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For the Month Ended |
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October 2005 (FY 2006) |
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October 2006 (FY 2007) |
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$ Change |
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% Change |
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Tax Revenues: |
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Income Tax - Individual |
$665,770 |
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$702,782 |
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$37,012 |
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5.6% |
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Sales and Use Tax - General: |
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Sales and Use Tax - Gross |
$847,105 |
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$886,684 |
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$39,579 |
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4.7% |
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Local Sales Tax Distribution |
$(388,404) |
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$(435,321) |
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$(46,917) |
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-12.1% |
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Sales Tax Refunds/Adjustments |
$(5,951) |
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$(8,220) |
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$(2,269) |
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-38.1% |
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Net Sales and Use Tax - General |
$452,750 |
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$443,143 |
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$(9,607) |
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-2.1% |
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Motor Fuel Taxes: |
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Prepaid Motor Fuel Sales Tax |
$3,364 |
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$49,174 |
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$45,810 |
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1361.8% |
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Motor Fuel Excise Tax |
$3,307 |
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$48,126 |
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$44,819 |
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1355.3% |
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Total Motor Fuel Taxes |
$6,671 |
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$97,300 |
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$90,629 |
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1358.6% |
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Income Tax - Corporate |
$85,780 |
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$47,027 |
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$(38,753) |
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-45.2% |
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Tobacco Taxes |
$18,824 |
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$21,201 |
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$2,377 |
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12.6% |
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Alcohol Beverages Tax |
$20,869 |
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$12,161 |
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$(8,708) |
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-41.7% |
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Estate Tax |
$2,535 |
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$576 |
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$(1,959) |
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-77.3% |
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Property Tax |
$4,699 |
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$9,607 |
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$4,908 |
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104.4% |
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Motor Vehicle - Tag, Title & Fees |
$23,449 |
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$20,223 |
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$(3,226) |
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-13.8% |
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Total Tax Revenues |
$1,281,347 |
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$1,354,020 |
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$72,673 |
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5.7% |
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Other Revenues: |
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Other Fees and Sales |
$23,429 |
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$(11,827) |
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$(35,256) |
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-150.5% |
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Total Taxes/Other Revenues |
$1,304,776 |
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$1,342,193 |
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$37,417 |
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2.9% |
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Year-to-date |
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$ |
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% |
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GENERAL FUND |
FY 2006 |
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FY 2007 |
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Change |
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Change |
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Tax Revenues: |
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Income Tax - Individual |
$2,537,129 |
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$2,740,263 |
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$203,134 |
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8.0% |
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Sales and Use Tax - General: |
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Sales and Use Tax - Gross |
$3,281,706 |
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$3,560,013 |
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$278,307 |
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8.5% |
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Local Sales Tax Distribution |
$(1,384,876) |
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$(1,611,803) |
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$(226,927) |
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-16.4% |
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Sales Tax Refunds/Adjustments |
$(38,014) |
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$(43,468) |
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$(5,454) |
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-14.3% |
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Net Sales and Use Tax - General |
$1,858,816 |
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$1,904,742 |
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$45,926 |
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2.5% |
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Motor Fuel Taxes: |
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Prepaid Motor Fuel Sales Tax |
$99,523 |
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$164,670 |
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$65,147 |
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65.5% |
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Motor Fuel Excise Tax |
$124,934 |
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$162,562 |
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$37,628 |
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30.1% |
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Total Motor Fuel Taxes |
$224,457 |
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$327,232 |
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$102,775 |
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45.8% |
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Income Tax - Corporate |
$265,882 |
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$194,708 |
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$(71,174) |
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-26.8% |
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Tobacco Taxes |
$70,137 |
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$70,888 |
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$751 |
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1.1% |
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Alcohol Beverages Tax |
$50,797 |
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$50,505 |
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$(292) |
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-0.6% |
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Estate Tax |
$8,791 |
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$953 |
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$(7,838) |
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-89.2% |
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Property Tax |
$9,805 |
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$13,432 |
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$3,627 |
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37.0% |
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Motor Vehicle - Tag, Title & Fees |
$95,805 |
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$100,103 |
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$4,298 |
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4.5% |
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Total Tax Revenues |
$5,121,619 |
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$5,402,826 |
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$281,207 |
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5.5% |
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Other Revenues: |
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Other Fees and Sales |
$34,232 |
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$40,592 |
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$6,360 |
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18.6% |
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Total Taxes/Other Revenues |
$5,155,851 |
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$5,443,418 |
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$287,567 |
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5.6% |
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Footnotes:
1. For press release purposes only, DOR realigned the reporting of Sales and Use Tax as shown above. The Local distributions now reflect the distribution for the month the collection occurred. For the current month, the distribution was determined using a weighted average % of the current month collections. All preceding month distributions will be adjusted by the over/under estimations.
2. Other Fees and Sales include taxes and fees that have been deposited in the bank, but the returns have not been processed. It also includes unclaimed property collections.
 |
110806_October_Revenue_Collections.pdf |
| October Revenue Collections - pdf |