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Governor Perdue Announces September Revenue Figures

Wednesday, October 6, 2004  Contact: Office of Communications 404-651-7774

 

              Atlanta – Governor Sonny Perdue announced today that net revenue collections for the month of September 2004 (FY05) totaled $1,343,923,000 compared to $1,238,583,000 for September 2003 (FY04).  This represents an increase $105,340,000 (8.5%) over the previous year.  There was one additional deposit day in this reporting period. 

The percentage increase year-to-date for FY05 compared to FY04 is 13.7%.  There have been four additional deposit days in FY05 compared to FY04.

# # #

Georgia Department of Revenue
Comparative Net Revenue Collections
(Unaudited - 000's)
 
For the Month Ended

GENERAL FUND
September 2003
(FY 2004)
September 2004
(FY 2005)
$ Change
% Change
Income Tax - Individual
$ 645,468
$ 687,345
$ 41,877
6.5%
Sales and Use Tax - General
$ 404,899
$ 424,064
$ 19,165
4.7%
Motor Fuel Taxes:
Prepaid Motor Fuel Sales Tax
$ 17,839
$ 18,129
$ 290
1.6%
Motor Fuel Excise Tax
$ 39,828
$ 43,805
$ 3,977
10.0%
Total Motor Fuel Taxes
$ 57,667
$ 61,934
$ 4,267
7.4%
Income Tax - Corporate
$ 83,399
$ 112,819
$ 29,420
35.3%
Tobacco Taxes
$ 20,138
$ 22,340
$ 2,202
10.9%
Alcohol Beverages Tax
$ 12,604
$ 13,666
$ 1,062
8.4%
Estate Tax
$ 3,599
$ 7,159
$ 3,560
98.9%
Property Tax
$ 4,587
$ 4,959
$ 372
8.1%
Total Tax Revenues
$ 1,232,361
$ 1,334,286
$ 101,925
8.3%
Other Revenues:
Other Fees and Sales
$ 6,222
$ 9,637
$ 3,415
54.9%
Total Taxes/Other Revenues
$ 1,238,583
$ 1,343,923
$ 105,340
8.5%

1st Quarter/Year-to-date

$
%
GENERAL FUND
FY 2004
FY 2005
Change
Change
Income Tax - Individual
$ 1,563,427
$ 1,740,585
$ 177,158
11.3%
Sales and Use Tax - General
$ 1,114,374
$ 1,270,003
$ 155,629
14.0%
Motor Fuel Taxes:
Prepaid Motor Fuel SalesTax
$ 56,196
$ 62,615
$ 6,419
11.4%
Motor Fuel Excise Tax
$ 117,459
$ 126,747
$ 9,288
7.9%
Total Motor Fuel Taxes
$ 173,655
$ 189,362
$ 15,707
9.0%
Income Tax - Corporate
$ 73,946
$ 121,790
$ 47,844
64.7%
Tobacco Taxes
$ 32,893
$ 51,652
$ 18,759
57.0%
Alcohol Beverages Tax
$ 36,855
$ 38,511
$ 1,656
4.5%
Estate Tax
$ 11,246
$ 16,794
$ 5,548
49.3%
Property Tax
$ 7,225
$ 7,827
$ 602
8.3%
Total Tax Revenues
$ 3,013,621
$ 3,436,524
$ 422,903
14.0%
Other Revenues:
Other Fees and Sales
$ 23,247
$ 15,340
$ (7,907)
-34.0%
Total Taxes/Other Revenues
$ 3,036,868
$ 3,451,864
$ 414,996
13.7%
 
Notes:
 
1. Totals do not include Motor Vehicle License Tax, Insurance Premium Tax, Peace Officers' and Prosecutors Training Fund fees and State Children's Trust fund.
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.