Click to print Close window
Georgia Seal


Governor Perdue Announces December Revenue Figures

Friday, January 6, 2006  Contact: Office of Communications 404-651-7774

Governor Perdue Announces December Revenue Figures

ATLANTA – Governor Sonny Perdue announced today that net revenue collections for the month of December 2005 (FY06) totaled $1,539,857,000 compared to $1,408,275,000 for December 2004 (FY05), an increase of $131,582,000 or 9.3 percent.    

The percentage increase year-to-date for FY06 compared to FY05 is 8.2 percent. 

###

GEORGIA DEPARTMENT OF REVENUE

Comparative Net Revenue Collections (unaudited - 000's)

 For the Month Ended

 December 2004 (FY 2005)

 December 2005   (FY 2006)

$   Change

%   Change

Tax Revenues:

Income Tax - Individual

$735,040

$765,699

$30,659

4.2%

Sales and Use Tax - General:

Sales and Use Tax - Gross

$724,381

$818,062

$93,681

12.9%

Local Sales Tax Distribution

$(284,969)

$(325,230)

$(40,261)

-14.1%

Sales Tax Refunds/Adjustments

$(31,439)

$(8,563)

$22,876

72.8%

Net Sales and Use Tax - General

$407,973

$484,269

$76,296

18.7%

Motor Fuel Taxes:

Prepaid Motor Fuel Sales Tax

$26,374

$31,867

$5,493

20.8%

Motor Fuel Excise Tax                                         

$36,704

$36,969

$265

0.7%

Total Motor Fuel Taxes

$63,078

$68,836

$5,758

9.1%

Income Tax - Corporate

$110,987

$141,787

$30,800

27.8%

Tobacco Taxes

$21,066

$18,853

$(2,213)

-10.5%

Alcohol Beverages Tax

$11,952

$13,707

$1,755

14.7%

Estate Tax

$2,687

$130

$(2,557)

-95.2%

Property Tax

$21,712

$15,737

$(5,975)

-27.5%

Motor Vehicle - Tag, Title & Fees

$20,718

$19,663

$(1,055)

-5.1%

Total Tax Revenues

$1,395,213

$1,528,681

$133,468

9.6%

Other Revenues:

   Other Fees and Sales

$13,062

$11,176

$ (1,886)

-14.4%

Total Taxes/Other Revenues

$1,408,275

$1,539,857

$131,582

9.3%

Year-to-date

$

%

GENERAL FUND

FY 2005

FY 2006

Change

Change

Tax Revenues:

Income Tax - Individual

$3,656,207

$3,927,750

$271,543

7.4%

Sales and Use Tax - General:

Sales and Use Tax - Gross

$4,391,566

$4,884,304

$492,738

11.2%

Local Sales Tax Distribution

$(1,805,496)

$(2,041,706)

$(236,210)

-13.1%

Sales Tax Refunds/Adjustments

$(53,558)

$(50,465)

$3,093

5.8%

Net Sales and Use Tax - General

$2,532,512

$2,792,133

$259,621

10.3%

Motor Fuel Taxes:

Prepaid Motor Fuel Sales Tax

$142,785

$159,598

$16,813

11.8%

Motor Fuel Excise Tax

$246,374

$197,074

$(49,300)

-20.0%

     Total Motor Fuel Taxes

$389,159

$356,672

$(32,487)

-8.3%

Income Tax - Corporate

$256,420

$364,462

$108,042

42.1%

Tobacco Taxes

$113,748

$109,020

$(4,728)

-4.2%

Alcohol Beverages Tax

$72,151

$74,632

$2,481

3.4%

Estate Tax

$26,611

$9,750

$(16,861)

-63.4%

Property Tax

$44,645

$40,646

$(3,999)

-9.0%

Motor Vehicle - Tag, Title & Fees

$133,880

$137,941

$4,061

3.0%

Total Tax Revenues

$7,225,333

$7,813,006

$587,673

8.1%

Other Revenues:

   Other Fees and Sales

$78,520

$91,331

$12,811

16.3%

Total Taxes/Other Revenues

$7,303,853

$7,904,337

$600,484

8.2%

Footnotes:                                                                                                                                                                              

1.  For press release purposes only, DOR realigned the reporting of Sales and Use Tax as shown above.  Beginning this fiscal year, the Local distributions now reflects the distribution for the month the collection occurred.  For the current month, the distribution was determined using a weighted average % of the current month collections.  All preceding month distributions will be adjusted by the over/under estimations.            

2.  As of July 1, 2005, DOR began collecting and reporting Motor Vehicle Tags, Title and Fees.  These revenues were previously reported by the disbanded Department of Motor Vehicle Safety (DMVS).  For comparative purposes, DOR will report prior year collections.                      

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 collections.             

# # #