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Governor Perdue Announces November Revenue Figures

Friday, December 8, 2006  Contact: Office of Communications 404-651-7774, Charles Willey, DOR, (404) 417-2106

Governor Perdue Announces November Revenue Figures

                                                                                                                                                                                                                                    

            ATLANTA – Governor Sonny Perdue announced today that net revenue collections for the month of November 2006 (FY07) totaled $1,278,047,000 compared to $1,208,629,000 for November 2005 (FY06), an increase of $69,418,000 or 5.7 percent. 

The percentage increase year-to-date for FY07 compared to FY06 is 5.6 percent. 

GEORGIA DEPARTMENT OF REVENUE

 

Comparative Net Revenue Collections (unaudited - 000's)

 

 

 

 

 

 

 

 

 

 

 

 

 

 For the Month Ended

 

 

 

 

 

 

 

 November 2005         (FY 2006)

 

November 2006         (FY 2007)

 

 $   Change

 

%   Change

Tax Revenues:

 

 

 

 

 

 

 

 

Income Tax - Individual

$624,922

 

$700,624

 

$75,702

 

12.1%

 

Sales and Use Tax - General:

 

 

 

 

 

 

 

 

 

Sales and Use Tax - Gross

$784,536

 

$842,817

 

$58,281

 

7.4%

 

 

Local Sales Tax Distribution

$(331,600)

 

$(454,610)

 

$(123,010)

 

-37.1%

 

 

Sales Tax Refunds/Adjustments

$(3,888)

 

$(2,541)

 

$1,347

 

34.6%

 

Net Sales and Use Tax - General

$449,048

 

$385,666

 

$(63,382)

 

-14.1%

 

Motor Fuel Taxes:

 

 

 

 

 

 

 

 

 

Prepaid Motor Fuel Sales Tax

$28,208

 

$43,524

 

$15,316

 

54.3%

 

 

Motor Fuel Excise Tax                                         

$35,171

 

$40,230

 

$5,059

 

14.4%

 

Total Motor Fuel Taxes

$63,379

 

$83,754

 

$20,375

 

32.1%

 

Income Tax - Corporate

$(43,207)

 

$(5,384)

 

$37,823

 

87.5%

 

Tobacco Taxes

$20,030

 

$22,676

 

$2,646

 

13.2%

 

Alcohol Beverages Tax

$10,128

 

$16,067

 

$5,939

 

58.6%

 

Estate Tax

$829

 

$(81)

 

$(910)

 

    -109.8%

 

Property Tax

$15,104

 

$6,195

 

$(8,909)

 

-59.0%

 

Motor Vehicle - Tag, Title & Fees

$22,473

 

$22,195

 

$(278)

 

-1.2%

Total Tax Revenues

$1,162,706

 

$1,231,712

 

$69,006

 

5.9%

Other Revenues:

 

 

 

 

 

 

 

 

   Other Fees and Sales

$45,923

 

$46,335

 

$412

 

0.9%

Total Taxes/Other Revenues

$1,208,629

 

$1,278,047

 

$69,418

 

5.7%

 

 

 

 

 

 

 

 

 

 

 

 

 

Year-to-date

 

$

 

%

 

 

GENERAL FUND

FY 2006

 

FY 2007

 

Change

 

Change

Tax Revenues:

 

 

 

 

 

 

 

 

Income Tax - Individual

$3,162,051

 

$3,440,886

 

$278,835

 

8.8%

 

Sales and Use Tax - General:

 

 

 

 

 

 

 

 

 

Sales and Use Tax - Gross

$4,066,242

 

$4,402,830

 

$336,588

 

8.3%

 

 

Local Sales Tax Distribution

$(1,716,476)

 

$(2,066,413)

 

$(349,937)

 

-20.4%

 

 

Sales Tax Refunds/Adjustments

$(41,902)

 

$(46,009)

 

$(4,107)

 

-9.8%

 

Net Sales and Use Tax - General

$2,307,864

 

$2,290,408

 

$(17,456)

 

-0.8%

 

Motor Fuel Taxes:

 

 

 

 

 

 

 

 

 

Prepaid Motor Fuel Sales Tax

$127,731

 

$208,194

 

$80,463

 

63.0%

 

 

Motor Fuel Excise Tax

$160,105

 

$202,792

 

$42,687

 

26.7%

 

     Total Motor Fuel Taxes

$287,836

 

$410,986

 

$123,150

 

42.8%

 

Income Tax - Corporate

$222,675

 

$189,324

 

$(33,351)

 

-15.0%

 

Tobacco Taxes

$90,167

 

$93,564

 

$3,397

 

3.8%

 

Alcohol Beverages Tax

$60,925

 

$66,572

 

$5,647

 

9.3%

 

Estate Tax

$9,620

 

$872

 

$(8,748)

 

-90.9%

 

Property Tax

$24,909

 

$19,627

 

$(5,282)

 

-21.2%

 

Motor Vehicle - Tag, Title & Fees

$118,278

 

$122,298

 

$4,020

 

3.4%

Total Tax Revenues

$6,284,325

 

$6,634,537

 

$350,212

 

5.6%

Other Revenues:

 

 

 

 

 

 

 

 

   Other Fees and Sales

$80,155

 

$86,927

 

$6,772

 

8.4%

Total Taxes/Other Revenues

$6,364,480

 

$6,721,464

 

$356,984

 

5.6%

                                                                                                           

 

 

 

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