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Governor Perdue Announces August Revenue Figures

Monday, September 10, 2007  Contact: Office of Communications 404-651-7774

 

 

            ATLANTA – Governor Sonny Perdue announced today that net revenue collections for the month of August 2007 (FY08) totaled $1,353,788,000 compared to $1,275,942,000 for August 2006 (FY07), an increase of $77,846,000 or 6.1 percent. 

The percentage increase year-to-date for FY08 compared to FY07 is 8.2 percent. 

 

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GEORGIA DEPARTMENT OF REVENUE

 

Comparative Net Revenue Collections

 

(unaudited - 000's)

 

 

 

 For the Month Ended

 

 

 

 

 

 August 2006          (FY 2007)

 August 2007           (FY 2008)

 $   Change

%   Change

Tax Revenues:

 

 

 

 

 

Income Tax - Individual

 $          638,399

 $          705,654

 $      67,255

10.5%

 

Sales and Use Tax - General:

 

 

 

 

 

 

Sales and Use Tax – Gross

 $          912,790

 $          901,270

 $    (11,520)

-1.3%

 

 

Local Sales Tax Distribution

 $       (428,888)

 $       (365,818)

 $      63,070

14.7%

 

 

Sales Tax Refunds/Adjustments

 $           (7,141)

 $         (14,425)

 $      (7,284)

-102.0%

 

Net Sales and Use Tax - General

 $          476,761

 $         521,027

 $     44,266

9.3%

 

Motor Fuel Taxes:

 

 

 

 

 

 

Prepaid Motor Fuel Sales Tax

 $           42,915

 $           46,047

 $       3,132

7.3%

 

 

Motor Fuel Excise Tax                                        

 $            38,801

 $            41,116

 $        2,315

6.0%

 

Total Motor Fuel Taxes

 $            81,716

 $            87,163

 $        5,447

6.7%

 

Income Tax - Corporate

 $              5,731

 $            11,775

 $        6,044

105.5%

 

Tobacco Taxes

 $            23,142

 $            18,995

 $      (4,147)

-17.9%

 

Alcohol Beverages Tax

 $            11,314

 $            13,348

 $        2,034

18.0%

 

Estate Tax

 $                 641

 $                     -  

 $         (641)

-100.0%

 

Property Tax

 $              1,916

 $              1,690

 $         (226)

-11.8%

 

Motor Vehicle - Tag, Title & Fees

 $            25,831

 $            27,722

 $        1,891

7.3%

Total Tax Revenues

 $       1,265,451

 $       1,387,374

 $    121,923

9.6%

Other Revenues:

 

 

 

 

Total Taxes/Other Revenues

 $       1,275,942

 $       1,353,788

 $      77,846

6.1%

 

 

 

 

 

 

 

 

 

 

Year-to-date

 

 

 

 

GENERAL FUND

FY 2007

FY 2008

$ Change

% Change

Tax Revenues:

 

 

 

 

 

Income Tax - Individual

 $       1,236,394

 $       1,336,688

 $    100,294

8.1%

 

Sales and Use Tax - General:

 

 

 

 

 

 

Sales and Use Tax - Gross

 $       1,799,906

 $       1,847,370

 $      47,464

2.6%

 

 

Local Sales Tax Distribution

 $       (841,929)

 $       (788,624)

 $      53,305

6.3%

 

 

Sales Tax Refunds/Adjustments

 $         (32,193)

 $         (18,499)

 $      13,694

42.5%

 

Net Sales and Use Tax - General

 $          925,784

 $       1,040,247

 $    114,463

12.4%

 

Motor Fuel Taxes:

 

 

 

 

 

 

Prepaid Motor Fuel Sales Tax

 $            78,554

 $            85,478

 $        6,924

8.8%

 

 

Motor Fuel Excise Tax

 $            81,416

 $            81,334

 $           (82)

-0.1%

 

     Total Motor Fuel Taxes

 $          159,970

 $          166,812

 $        6,842

4.3%

 

Income Tax - Corporate

 $           (1,756)

 $            44,874

 $      46,630

2655.5%

 

Tobacco Taxes

 $            31,758

 $            29,545

 $      (2,213)

-7.0%

 

Alcohol Beverages Tax

 $            26,258

 $            28,866

 $        2,608

9.9%

 

Estate Tax

 $                 250

 $                   12

 $         (238)

-95.2%

 

Property Tax

 $          2,706      

 $           3,409    

 $         703    

26.0%

 

Motor Vehicle - Tag, Title & Fees

 $            44,942

 $            48,758

 $        3,816

8.5%

Total Tax Revenues

 $       2,426,306

 $       2,699,211

 $    272,905

11.2%

Other Revenues:

 

 

 

 

 

   Other Fees and Sales

 $            25,721

 $         (45,740)

 $    (71,461)

-277.8%

Total Taxes/Other Revenues

 $       2,452,027

 $       2,653,471

 $    201,444

8.2%