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Governor Perdue Announces March Revenue Collections

Thursday, April 8, 2004  Contact: Office of Communications 404-651-7774

 

Atlanta - Governor Sonny Perdue announced today that net revenue collections for the month of March 2004 (FY04) totaled $865,798,000 compared to $800,037,000 for March 2003 (FY03), an increase of 65,761,000 or 8.2%. The percentage increase year-to-date for FY04 compared to FY03 is 4.4%.

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Georgia Department of Revenue

Comparative Net Revenue Collections

(unaudited - 000's)

 

 

 

 

 

 

 

 

 

          For the Month Ended

 

 

 

 

GENERAL FUND

March 2003
(FY 2003)

 

March 2004
(FY 2004)

 

$ Change

 

% Change

Sales Tax - General

369,653

343,757

(25,896)

-7.0%

Motor Fuel - Gal. & Sales

53,221

58,682

5,461

10.3%

Income Tax - Individual

232,327

247,874

15,547

6.7%

Income Tax - Corporate

113,451

151,655

38,204

33.7%

Tobacco Taxes

8,026

20,444

12,418

154.7%

Alcoholic Beverage Taxes

7,665

6,292

(1,373)

-17.9%

Estate Tax

7,243

9,884

2,641

36.5%

Property Tax

2,545

3,325

780

30.6%

Total Taxes

794,131

841,913

47,782

6.0%

Other Revenues:

Peace Officer Training

1,897

2,501

604

31.8%

Other Fees and Sales

4,009

21,384

17,375

433.4%

Total Regulatory Fees & Sales

5,906

23,885

17,979

304.4%

 

Net Revenue

800,037

865,798

65,761

8.2%

 

 

              Year-to-date

 

 

 

 

GENERAL FUND

FY 2003

 

FY 2004

 

$ Change

 

% Change

Sales Tax - General

3,452,248

3,577,977

125,729

3.6%

Motor Fuel Tax - Gals. & Sales

504,592

541,746

37,154

7.4%

Income Tax - Individual

4,555,790

4,740,427

184,637

4.1%

Income Tax - Corporate

299,549

304,230

4,681

1.6%

Tobacco Taxes

68,616

144,527

75,911

110.6%

Alcoholic Beverage Taxes

98,625

105,980

7,355

7.5%

Estate Tax

65,986

41,329

(24,657)

-37.4%

Property Tax

52,816

58,489

5,673

10.7%

Total Taxes

9,098,222

9,514,705

416,483

4.6%

Other Revenues:

Peace Officer Training

15,808

16,627

819

5.2%

Other Fees and Sales

76,721

60,800

(15,921)

-20.8%

Total Regulatory Fees & Sales

92,529

77,427

(15,102)

-16.3%

 

Net Revenue

9,190,751

9,592,132

401,381

4.4%

Notes:

  1. FY 2004 comparative report has changed. Current year totals are reported on the right of prior year.
  2. Totals do not include Insurance Premium Tax and Fees and Motor Vehicle License Taxes.
  3. Major tax categories are reported. Other taxes and fees are included in "Other Fees and Sales."
  4. Other Fees and Sales include taxes that have been deposited in the bank, but the returns have not been processed. It also includes unclaimed property and children's trust fund.
  5. Prior to March 2004, the 3% 2nd motor fuel tax was reported as Sales Tax - General. Effective March 2004, the 3% 2nd motor fuel tax is reported as Motor Fuel Tax. All historical sales tax and motor fuel tax collection information in this press release has been reclassified for comparability purposes (See "March Historical 2nd Motor Fuel Reclass Schedule" attached to this press release package).