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Governor Perdue Announces February Revenue Figures

Wednesday, March 7, 2007  Contact: Office of Communications 404-651-7774

 

 

ATLANTA – Governor Sonny Perdue announced today that net revenue collections for the month of February 2007 (FY07) totaled $961,225,000 compared to $886,113,000 for February 2006 (FY06), an increase of $75,112,000 or 8.5 percent. 

The percentage increase year-to-date for FY07 compared to FY06 is 6.7 percent. 

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GEORGIA DEPARTMENT OF REVENUE

Comparative Net Revenue Collections

(unaudited - 000's)

 

 For the Month Ended

 

 

 

 February 2006 (FY 2006)

 February 2007 (FY 2007)

 $ Change

% Change

Tax Revenues:

 

 

 

 

 

 

Income Tax - Individual

 $      244,798

 $      295,536

 $    50,738

20.7%

 

Sales and Use Tax - General:

 

 

 

 

 

 

Sales and Use Tax - Gross

 $      779,038

 $      819,182

 $    40,144

5.2%

 

 

Local Sales Tax Distribution

 $    (292,987)

 $    (291,046)

 $      1,941

0.7%

 

 

Sales Tax Refunds/Adjustments

 $      (12,295)

 $        (4,008)

 $      8,287

67.4%

 

Net Sales and Use Tax - General

 $      473,756

 $      524,128

 $    50,372

10.6%

 

Motor Fuel Taxes:

 

 

 

 

 

 

Prepaid Motor Fuel Sales Tax

 $        31,386

 $        33,736

 $      2,350

7.5%

 

 

Motor Fuel Excise Tax                                        

 $        37,958

 $        39,667

 $      1,709

4.5%

 

Total Motor Fuel Taxes

 $        69,344

 $        73,403

 $      4,059

5.9%

 

Income Tax - Corporate

 $        22,817

 $          6,373

 $   (16,444)

-72.1%

 

Tobacco Taxes

 $        18,811

 $        20,378

 $      1,567

8.3%

 

Alcohol Beverages Tax

 $        16,140

 $        10,345

 $     (5,795)

-35.9%

 

Estate Tax

 

 $               12

 $           (156)

 $        (168)

-1400.0%

 

Property Tax

 $          9,734

 $          5,543

 $     (4,191)

-43.1%

 

Motor Vehicle - Tag, Title & Fees

 $        32,938

 $        27,344

 $     (5,594)

-17.0%

Total Tax Revenues

 

 $      888,350

 $      962,894

 $    74,544

8.4%

Other Revenues:

 

 

 

 

 

 

   Other Fees and Sales 

 $        (2,237)

 $        (1,669)

 $         568

25.4%

Total Taxes/Other Revenues

 $      886,113

 $      961,225

 $    75,112

8.5%

 

 

 

 

 

 

 

Year-to-date

 

 

GENERAL FUND

FY 2006

FY 2007

$ Change

% Change

Tax Revenues:

 

 

 

 

 

 

Income Tax - Individual

 $   5,195,013

 $   5,629,358

 $  434,345

8.4%

 

Sales and Use Tax - General:

 

 

 

 

 

 

Sales and Use Tax - Gross

 $   6,667,578

 $   7,098,498

 $  430,920

6.5%

 

 

Local Sales Tax Distribution

 $ (2,737,168)

 $ (3,085,867)

 $ (348,699)

-12.7%

 

 

Sales Tax Refunds/Adjustments

 $      (66,803)

 $      (62,077)

 $      4,726

7.1%

 

Net Sales and Use Tax - General

 $   3,863,607

 $   3,950,554

 $    86,947

2.3%

 

Motor Fuel Taxes:

 

 

 

 

 

 

Prepaid Motor Fuel SalesTax

 $      233,964

 $      332,615

 $    98,651

42.2%

 

 

Motor Fuel Excise Tax

 $      279,115

 $      335,174

 $    56,059

20.1%

 

     Total Motor Fuel Taxes

 $      513,079

 $      667,789

 $  154,710

30.2%

 

Income Tax - Corporate

 $      405,124

 $      447,473

 $    42,349

10.5%

 

Tobacco Taxes

 $      148,338

 $      151,264

 $      2,926

2.0%

 

Alcohol Beverages Tax

 $      101,292

 $      105,605

 $      4,313

4.3%

 

Estate Tax

 

 $        10,086

 $             862

 $     (9,224)

-91.5%

 

Property Tax

 $        64,760

 $        69,163

 $      4,403

6.8%

 

Motor Vehicle - Tag, Title & Fees

 $      201,808

 $      199,328

 $     (2,480)

-1.2%

Total Tax Revenues

 

 $ 10,503,107

 $ 11,221,396

 $  718,289

6.8%

Other Revenues:

 

 

 

 

 

 

   Other Fees and Sales 

 $        83,067

 $        74,077

 $     (8,990)

-10.8%

Total Taxes/Other Revenues

 $ 10,586,174

 $ 11,295,473

 $  709,299

6.7%