Thursday, April 8, 2004
Contact: Office of Communications 404-651-7774
Governor Perdue Announces March Revenue Collections
Atlanta - Governor Sonny Perdue announced today that net revenue collections for the month of March 2004 (FY04) totaled $865,798,000 compared to $800,037,000 for March 2003 (FY03), an increase of 65,761,000 or 8.2%. The percentage increase year-to-date for FY04 compared to FY03 is 4.4%.
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Georgia Department of Revenue
Comparative Net Revenue Collections
(unaudited - 000's)
GENERAL FUND Sales Tax - General Motor Fuel - Gal. & Sales Income Tax - Individual Income Tax - Corporate Tobacco Taxes Alcoholic Beverage Taxes Estate Tax Property Tax Total Taxes Other Revenues: Peace Officer Training Other Fees and Sales Total Regulatory Fees & Sales
For the Month Ended
March 2003 (FY 2003)
March 2004 (FY 2004) $ Change % Change
369,653
343,757 (25,896)
-7.0%
53,221
58,682
5,461
10.3%
232,327
247,874
15,547
6.7%
113,451
151,655
38,204
33.7%
8,026
20,444
12,418
154.7%
7,665
6,292
(1,373)
-17.9%
7,243
9,884
2,641
36.5%
2,545
3,325
780
30.6%
794,131
841,913
47,782
6.0%
1,897 4,009 5,906
2,501 21,384 23,885
604 17,375 17,979
31.8% 433.4% 304.4%
Net Revenue
800,037
865,798
65,761
8.2%
GENERAL FUND Sales Tax - General Motor Fuel Tax - Gals. & Sales Income Tax - Individual Income Tax - Corporate Tobacco Taxes Alcoholic Beverage Taxes Estate Tax Property Tax Total Taxes Other Revenues: Peace Officer Training Other Fees and Sales Total Regulatory Fees & Sales
Year-to-date
FY 2003
FY 2004 $ Change % Change
3,452,248
3,577,977
125,729
3.6%
504,592
541,746
37,154
7.4%
4,555,790
4,740,427
184,637
4.1%
299,549
304,230
4,681
1.6%
68,616
144,527
75,911
110.6%
98,625
105,980
7,355
7.5%
65,986
41,329 (24,657)
-37.4%
52,816
58,489
5,673
10.7%
9,098,222
9,514,705
416,483
4.6%
15,808 76,721 92,529
16,627 60,800 77,427
819 (15,921) (15,102)
5.2% -20.8% -16.3%
Net Revenue
9,190,751
9,592,132
401,381
4.4%
Notes:
1. FY 2004 comparative report has changed. Current year totals are reported on the right of prior
year.
2. Totals do not include Insurance Premium Tax and Fees and Motor Vehicle License Taxes.
3. Major tax categories are reported. Other taxes and fees are included in "Other Fees and Sales."
4. Other Fees and Sales include taxes that have been deposited in the bank, but the returns have not
been processed. It also includes unclaimed property and children's trust fund.
5. Prior to March 2004, the 3% 2nd motor fuel tax was reported as Sales Tax - General. Effective
March 2004, the 3% 2nd motor fuel tax is reported as Motor Fuel Tax. All historical sales tax and
motor fuel tax collection information in this press release has been reclassified for comparability
purposes (See "March Historical 2nd Motor Fuel Reclass Schedule" attached to this press release
package).
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