Governor Perdue Announces August Revenue Figures
| Monday, September 10, 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 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 |
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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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August 2006 (FY 2007) |
August 2007 (FY 2008) |
$ Change |
% Change |
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Tax Revenues: |
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Income Tax - Individual |
$ 638,399 |
$ 705,654 |
$ 67,255 |
10.5% |
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Sales and Use Tax - General: |
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Sales and Use Tax – Gross |
$ 912,790 |
$ 901,270 |
$ (11,520) |
-1.3% |
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Local Sales Tax Distribution |
$ (428,888) |
$ (365,818) |
$ 63,070 |
14.7% |
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Sales Tax Refunds/Adjustments |
$ (7,141) |
$ (14,425) |
$ (7,284) |
-102.0% |
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Net Sales and Use Tax - General |
$ 476,761 |
$ 521,027 |
$ 44,266 |
9.3% |
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Motor Fuel Taxes: |
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Prepaid Motor Fuel Sales Tax |
$ 42,915 |
$ 46,047 |
$ 3,132 |
7.3% |
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Motor Fuel Excise Tax |
$ 38,801 |
$ 41,116 |
$ 2,315 |
6.0% |
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Total Motor Fuel Taxes |
$ 81,716 |
$ 87,163 |
$ 5,447 |
6.7% |
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Income Tax - Corporate |
$ 5,731 |
$ 11,775 |
$ 6,044 |
105.5% |
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Tobacco Taxes |
$ 23,142 |
$ 18,995 |
$ (4,147) |
-17.9% |
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Alcohol Beverages Tax |
$ 11,314 |
$ 13,348 |
$ 2,034 |
18.0% |
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Estate Tax |
$ 641 |
$ - |
$ (641) |
-100.0% |
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Property Tax |
$ 1,916 |
$ 1,690 |
$ (226) |
-11.8% |
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Motor Vehicle - Tag, Title & Fees |
$ 25,831 |
$ 27,722 |
$ 1,891 |
7.3% |
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Total Tax Revenues |
$ 1,265,451 |
$ 1,387,374 |
$ 121,923 |
9.6% |
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Other Revenues: |
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Total Taxes/Other Revenues |
$ 1,275,942 |
$ 1,353,788 |
$ 77,846 |
6.1% |
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Year-to-date |
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GENERAL FUND |
FY 2007 |
FY 2008 |
$ Change |
% Change |
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Tax Revenues: |
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Income Tax - Individual |
$ 1,236,394 |
$ 1,336,688 |
$ 100,294 |
8.1% |
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Sales and Use Tax - General: |
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Sales and Use Tax - Gross |
$ 1,799,906 |
$ 1,847,370 |
$ 47,464 |
2.6% |
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Local Sales Tax Distribution |
$ (841,929) |
$ (788,624) |
$ 53,305 |
6.3% |
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Sales Tax Refunds/Adjustments |
$ (32,193) |
$ (18,499) |
$ 13,694 |
42.5% |
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Net Sales and Use Tax - General |
$ 925,784 |
$ 1,040,247 |
$ 114,463 |
12.4% |
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Motor Fuel Taxes: |
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Prepaid Motor Fuel Sales Tax |
$ 78,554 |
$ 85,478 |
$ 6,924 |
8.8% |
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Motor Fuel Excise Tax |
$ 81,416 |
$ 81,334 |
$ (82) |
-0.1% |
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Total Motor Fuel Taxes |
$ 159,970 |
$ 166,812 |
$ 6,842 |
4.3% |
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Income Tax - Corporate |
$ (1,756) |
$ 44,874 |
$ 46,630 |
2655.5% |
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Tobacco Taxes |
$ 31,758 |
$ 29,545 |
$ (2,213) |
-7.0% |
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Alcohol Beverages Tax |
$ 26,258 |
$ 28,866 |
$ 2,608 |
9.9% |
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Estate Tax |
$ 250 |
$ 12 |
$ (238) |
-95.2% |
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Property Tax |
$ 2,706 |
$ 3,409 |
$ 703 |
26.0% |
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Motor Vehicle - Tag, Title & Fees |
$ 44,942 |
$ 48,758 |
$ 3,816 |
8.5% |
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Total Tax Revenues |
$ 2,426,306 |
$ 2,699,211 |
$ 272,905 |
11.2% |
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Other Revenues: |
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Other Fees and Sales |
$ 25,721 |
$ (45,740) |
$ (71,461) |
-277.8% |
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Total Taxes/Other Revenues |
$ 2,452,027 |
$ 2,653,471 |
$ 201,444 |
8.2% |
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