Governor Perdue Announces February Revenue Figures
| Wednesday, March 7, 2007 |
Contact: Office of Communications 404-651-7774
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ATLANTA – Governor Sonny Perdue announced today that net revenue collections for the month of February 2007 (FY07) totaled $961,225,000 compared to $886,113,000 for February 2006 (FY06), an increase of $75,112,000 or 8.5 percent.
The percentage increase year-to-date for FY07 compared to FY06 is 6.7 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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February 2006 (FY 2006) |
February 2007 (FY 2007) |
$ Change |
% Change |
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Tax Revenues: |
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Income Tax - Individual |
$ 244,798 |
$ 295,536 |
$ 50,738 |
20.7% |
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Sales and Use Tax - General: |
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Sales and Use Tax - Gross |
$ 779,038 |
$ 819,182 |
$ 40,144 |
5.2% |
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Local Sales Tax Distribution |
$ (292,987) |
$ (291,046) |
$ 1,941 |
0.7% |
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Sales Tax Refunds/Adjustments |
$ (12,295) |
$ (4,008) |
$ 8,287 |
67.4% |
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Net Sales and Use Tax - General |
$ 473,756 |
$ 524,128 |
$ 50,372 |
10.6% |
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Motor Fuel Taxes: |
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Prepaid Motor Fuel Sales Tax |
$ 31,386 |
$ 33,736 |
$ 2,350 |
7.5% |
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Motor Fuel Excise Tax |
$ 37,958 |
$ 39,667 |
$ 1,709 |
4.5% |
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Total Motor Fuel Taxes |
$ 69,344 |
$ 73,403 |
$ 4,059 |
5.9% |
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Income Tax - Corporate |
$ 22,817 |
$ 6,373 |
$ (16,444) |
-72.1% |
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Tobacco Taxes |
$ 18,811 |
$ 20,378 |
$ 1,567 |
8.3% |
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Alcohol Beverages Tax |
$ 16,140 |
$ 10,345 |
$ (5,795) |
-35.9% |
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Estate Tax |
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$ 12 |
$ (156) |
$ (168) |
-1400.0% |
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Property Tax |
$ 9,734 |
$ 5,543 |
$ (4,191) |
-43.1% |
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Motor Vehicle - Tag, Title & Fees |
$ 32,938 |
$ 27,344 |
$ (5,594) |
-17.0% |
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Total Tax Revenues |
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$ 888,350 |
$ 962,894 |
$ 74,544 |
8.4% |
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Other Revenues: |
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Other Fees and Sales |
$ (2,237) |
$ (1,669) |
$ 568 |
25.4% |
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Total Taxes/Other Revenues |
$ 886,113 |
$ 961,225 |
$ 75,112 |
8.5% |
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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 |
$ 5,195,013 |
$ 5,629,358 |
$ 434,345 |
8.4% |
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Sales and Use Tax - General: |
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Sales and Use Tax - Gross |
$ 6,667,578 |
$ 7,098,498 |
$ 430,920 |
6.5% |
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Local Sales Tax Distribution |
$ (2,737,168) |
$ (3,085,867) |
$ (348,699) |
-12.7% |
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Sales Tax Refunds/Adjustments |
$ (66,803) |
$ (62,077) |
$ 4,726 |
7.1% |
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Net Sales and Use Tax - General |
$ 3,863,607 |
$ 3,950,554 |
$ 86,947 |
2.3% |
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Motor Fuel Taxes: |
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Prepaid Motor Fuel SalesTax |
$ 233,964 |
$ 332,615 |
$ 98,651 |
42.2% |
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Motor Fuel Excise Tax |
$ 279,115 |
$ 335,174 |
$ 56,059 |
20.1% |
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Total Motor Fuel Taxes |
$ 513,079 |
$ 667,789 |
$ 154,710 |
30.2% |
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Income Tax - Corporate |
$ 405,124 |
$ 447,473 |
$ 42,349 |
10.5% |
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Tobacco Taxes |
$ 148,338 |
$ 151,264 |
$ 2,926 |
2.0% |
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Alcohol Beverages Tax |
$ 101,292 |
$ 105,605 |
$ 4,313 |
4.3% |
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Estate Tax |
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$ 10,086 |
$ 862 |
$ (9,224) |
-91.5% |
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Property Tax |
$ 64,760 |
$ 69,163 |
$ 4,403 |
6.8% |
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Motor Vehicle - Tag, Title & Fees |
$ 201,808 |
$ 199,328 |
$ (2,480) |
-1.2% |
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Total Tax Revenues |
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$ 10,503,107 |
$ 11,221,396 |
$ 718,289 |
6.8% |
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Other Revenues: |
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Other Fees and Sales |
$ 83,067 |
$ 74,077 |
$ (8,990) |
-10.8% |
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Total Taxes/Other Revenues |
$ 10,586,174 |
$ 11,295,473 |
$ 709,299 |
6.7% |
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