Governor Perdue Announces July Revenue Figures
| Monday, August 9, 2004 |
Contact: Office of Communications 404-651-7774
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ATLANTA, GA - Governor Sonny Perdue announced today that net revenue collections for the month of July 2004 (FY05) totaled $870,867,000 compared to $821,080,000 for July 2003 (FY04), an increase of 49,787,000 or 6.1%. July is the first month of the new fiscal year.
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GEORGIA DEPARTMENT OF REVENUE |
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Comparative Net Revenue Collections |
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(unaudited - 000's) |
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For the Month Ended |
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GENERAL FUND |
July 2003 (FY04) |
July 2004 (FY05) |
$ Change |
% Change |
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Tax Revenues: |
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Income Tax - Individual |
394,104 |
419,598 |
25,494 |
6.5% |
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Sales Tax - General |
353,775 |
351,093 |
(2,682) |
-0.8% |
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Motor Fuel Taxes: |
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Prepaid Motor Fuel Tax |
21,213 |
17,658 |
(3,555) |
-16.8% |
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Motor Fuel Excise Tax |
37,667 |
40,229 |
2,562 |
6.8% |
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Total Motor Fuel Taxes |
58,880 |
57,887 |
(993) |
-1.7% |
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Income Tax - Corporate |
(6,752) |
10,926 |
17,678 |
261.8% |
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Tobacco Taxes |
4,167 |
9,940 |
5,773 |
138.5% |
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Alcoholic Beverage Taxes |
12,635 |
12,922 |
287 |
2.3% |
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Estate Tax |
1,676 |
4,618 |
2,942 |
175.5% |
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Property Tax |
993 |
1,204 |
211 |
21.2% |
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Total Tax Revenues |
819,478 |
868,188 |
48,710 |
5.9% |
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Other Revenues: |
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Other Fees and Sales |
(100) |
1,167 |
1,267 |
1267.0% |
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Peace Officer Training |
1,702 |
1,512 |
(190) |
-11.2% |
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Total Other Revenues |
1,602 |
2,679 |
1,077 |
67.2% |
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Total Taxes/Other Revenues |
821,080 |
870,867 |
49,787 |
6.1% |
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Year-to-date |
$ |
% |
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GENERAL FUND |
FY 2004 |
FY 2005 |
Change |
Change |
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Tax Revenues: |
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|
Income Tax - Individual |
394,104 |
419,598 |
25,494 |
6.5% |
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|
Sales Tax - General |
353,775 |
351,093 |
(2,682) |
-0.8% |
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Motor Fuel Taxes: |
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|
Prepaid Motor Fuel Tax |
21,213 |
17,658 |
(3,555) |
-16.8% |
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Motor Fuel Excise Tax |
37,667 |
40,229 |
2,562 |
6.8% |
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Total Motor Fuel Taxes |
58,880 |
57,887 |
(993) |
-1.7% |
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Income Tax - Corporate |
(6,752) |
10,926 |
17,678 |
261.8% |
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Tobacco Taxes |
4,167 |
9,940 |
5,773 |
138.5% |
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Alcoholic Beverage Taxes |
12,635 |
12,922 |
287 |
2.3% |
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Estate Tax |
1,676 |
4,618 |
2,942 |
175.5% |
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Property Tax |
993 |
1,204 |
211 |
21.2% |
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Total Tax Revenues |
819,478 |
868,188 |
48,710 |
5.9% |
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Other Revenues: |
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Other Fees and Sales |
(100) |
1,167 |
1,267 |
1267.0% |
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Peace Officer Training |
1,702 |
1,512 |
(190) |
-11.2% |
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Total Other Revenues |
1,602 |
2,679 |
1,077 |
67.2% |
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Total Taxes/Other Revenues |
821,080 |
870,867 |
49,787 |
6.1% |
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Notes:
1. Totals do not include Insurance Premium Tax and Fees and Motor Vehicle License Taxes.
2. Major tax categories are reported. Other taxes and fees are included in "Other Fees and Sales".
3. 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 and children's trust fund.
4. As of July 1, 2004, the Georgia Superior Court Clerk's Cooperative Authority was given the authority to collect Peace Officer's and Prosecutor's Training Fund and State Children's Trust Fund directly from the courts.