Governor Perdue Announces March Revenue Figures
| Friday, April 6, 2007 |
Contact: Office of Communications 404-651-7774 Charles Willey, DOR, (404) 417-2106 |
ATLANTA – Governor Sonny Perdue announced today that net revenue collections for the month of March 2007 (FY07) totaled $1,174,222,000 compared to $1,200,704,000 for March 2006 (FY06), a decrease of $26,482,000 or 2.2 percent.
The percentage increase year-to-date for FY07 compared to FY06 is 5.8 percent.
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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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March 2006 (FY 2006) |
March 2007 (FY 2007) |
$ Change |
% Change |
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Tax Revenues: |
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Income Tax - Individual |
$ 463,418 |
$ 445,233 |
$ (18,185) |
-3.9% |
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Sales and Use Tax - General: |
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Sales and Use Tax - Gross |
$ 843,980 |
$ 878,658 |
$ 34,678 |
4.1% |
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Local Sales Tax Distribution |
$ (421,428) |
$ (418,912) |
$ 2,516 |
0.6% |
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Sales Tax Refunds/Adjustments |
$ (8,255) |
$ (8,621) |
$ (366) |
-4.4% |
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Net Sales and Use Tax - General |
$ 414,297 |
$ 451,125 |
$ 36,828 |
8.9% |
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Motor Fuel Taxes: |
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Prepaid Motor Fuel Sales Tax |
$ 34,502 |
$ 32,651 |
$ (1,851) |
-5.4% |
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Motor Fuel Excise Tax |
$ 35,445 |
$ 33,663 |
$ (1,782) |
-5.0% |
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Total Motor Fuel Taxes |
$ 69,947 |
$ 66,314 |
$ (3,633) |
-5.2% |
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Income Tax - Corporate |
$ 180,545 |
$ 162,082 |
$ (18,463) |
-10.2% |
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Tobacco Taxes |
$ 20,134 |
$ 18,334 |
$ (1,800) |
-8.9% |
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Alcohol Beverages Tax |
$ 13,610 |
$ 11,808 |
$ (1,802) |
-13.2% |
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Estate Tax |
$ 104 |
$ 300 |
$ 196 |
188.5% |
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Property Tax |
$ 2,952 |
$ 2,969 |
$ 17 |
0.6% |
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Motor Vehicle - Tag, Title & Fees |
$ 31,042 |
$ 29,664 |
$ (1,378) |
-4.4% |
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Total Tax Revenues |
$ 1,196,049 |
$ 1,187,829 |
$ (8,220) |
-0.7% |
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Other Revenues: |
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Other Fees and Sales |
$ 4,655 |
$ (13,607) |
$ (18,262) |
-392.3% |
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Total Taxes/Other Revenues |
$ 1,200,704 |
$ 1,174,222 |
$ (26,482) |
-2.2% |
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Year-to-date |
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GENERAL FUND |
FY 2006 |
FY 2007 |
$ Change |
% Change |
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Tax Revenues: |
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Income Tax - Individual |
$ 5,658,431 |
$ 6,074,591 |
$ 416,160 |
7.4% |
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Sales and Use Tax - General: |
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Sales and Use Tax - Gross |
$ 7,511,558 |
$ 7,977,156 |
$ 465,598 |
6.2% |
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Local Sales Tax Distribution |
$ (3,158,596) |
$ (3,504,779) |
$ (346,183) |
-11.0% |
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Sales Tax Refunds/Adjustments |
$ (75,058) |
$ (70,698) |
$ 4,360 |
5.8% |
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Net Sales and Use Tax - General |
$ 4,277,904 |
$ 4,401,679 |
$ 123,775 |
2.9% |
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Motor Fuel Taxes: |
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Prepaid Motor Fuel SalesTax |
$ 268,466 |
$ 365,266 |
$ 96,800 |
36.1% |
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Motor Fuel Excise Tax |
$ 314,560 |
$ 368,837 |
$ 54,277 |
17.3% |
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Total Motor Fuel Taxes |
$ 583,026 |
$ 734,103 |
$ 151,077 |
25.9% |
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Income Tax - Corporate |
$ 585,669 |
$ 609,555 |
$ 23,886 |
4.1% |
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Tobacco Taxes |
$ 168,472 |
$ 169,598 |
$ 1,126 |
0.7% |
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Alcohol Beverages Tax |
$ 114,902 |
$ 117,413 |
$ 2,511 |
2.2% |
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Estate Tax |
$ 10,190 |
$ 1,162 |
$ (9,028) |
-88.6% |
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Property Tax |
$ 67,712 |
$ 72,132 |
$ 4,420 |
6.5% |
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Motor Vehicle - Tag, Title & Fees |
$ 224,951 |
$ 228,992 |
$ 4,041 |
1.8% |
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Total Tax Revenues |
$ 11,691,257 |
$12,409,225 |
$ 717,968 |
6.1% |
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Other Revenues: |
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Other Fees and Sales |
$ 95,620 |
$ 60,470 |
$ (35,150) |
-36.8% |
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Total Taxes/Other Revenues |
$ 11,786,877 |
$12,469,695 |
$ 682,818 |
5.8% |
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