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.
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Georgia Department of Revenue
Comparative Net Revenue Collections (Unaudited - 000's) |
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For the Month Ended
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| GENERAL FUND |
September 2003
(FY 2004) |
September 2004
(FY 2005) |
$ Change
|
% Change
|
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| Income Tax - Individual |
$ 645,468
|
$ 687,345
|
$ 41,877
|
6.5%
|
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| Sales and Use Tax - General |
$ 404,899
|
$ 424,064
|
$ 19,165
|
4.7%
|
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| Motor Fuel Taxes: | |||||||||||||||||||||
| Prepaid Motor Fuel Sales Tax |
$ 17,839
|
$ 18,129
|
$ 290
|
1.6%
|
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| Motor Fuel Excise Tax |
$ 39,828
|
$ 43,805
|
$ 3,977
|
10.0%
|
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| Total Motor Fuel Taxes |
$ 57,667
|
$ 61,934
|
$ 4,267
|
7.4%
|
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| Income Tax - Corporate |
$ 83,399
|
$ 112,819
|
$ 29,420
|
35.3%
|
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| Tobacco Taxes |
$ 20,138
|
$ 22,340
|
$ 2,202
|
10.9%
|
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| Alcohol Beverages Tax |
$ 12,604
|
$ 13,666
|
$ 1,062
|
8.4%
|
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| Estate Tax |
$ 3,599
|
$ 7,159
|
$ 3,560
|
98.9%
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| Property Tax |
$ 4,587
|
$ 4,959
|
$ 372
|
8.1%
|
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| Total Tax Revenues |
$ 1,232,361
|
$ 1,334,286
|
$ 101,925
|
8.3%
|
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| 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%
|
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1st Quarter/Year-to-date |
$
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%
|
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| GENERAL FUND |
FY 2004
|
FY 2005
|
Change
|
Change
|
|||||||||||||||||
| Income Tax - Individual |
$ 1,563,427
|
$ 1,740,585
|
$ 177,158
|
11.3%
|
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| Sales and Use Tax - General |
$ 1,114,374
|
$ 1,270,003
|
$ 155,629
|
14.0%
|
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| Motor Fuel Taxes: | |||||||||||||||||||||
| Prepaid Motor Fuel SalesTax |
$ 56,196
|
$ 62,615
|
$ 6,419
|
11.4%
|
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| Motor Fuel Excise Tax |
$ 117,459
|
$ 126,747
|
$ 9,288
|
7.9%
|
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| Total Motor Fuel Taxes |
$ 173,655
|
$ 189,362
|
$ 15,707
|
9.0%
|
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| Income Tax - Corporate |
$ 73,946
|
$ 121,790
|
$ 47,844
|
64.7%
|
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| Tobacco Taxes |
$ 32,893
|
$ 51,652
|
$ 18,759
|
57.0%
|
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| Alcohol Beverages Tax |
$ 36,855
|
$ 38,511
|
$ 1,656
|
4.5%
|
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| Estate Tax |
$ 11,246
|
$ 16,794
|
$ 5,548
|
49.3%
|
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| Property Tax |
$ 7,225
|
$ 7,827
|
$ 602
|
8.3%
|
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| Total Tax Revenues |
$ 3,013,621
|
$ 3,436,524
|
$ 422,903
|
14.0%
|
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| Other Revenues: | |||||||||||||||||||||
| Other Fees and Sales |
$ 23,247
|
$ 15,340
|
$ (7,907)
|
-34.0%
|
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| Total Taxes/Other Revenues |
$ 3,036,868
|
$ 3,451,864
|
$ 414,996
|
13.7%
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| 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. | |||||||||||||||||||||