Press release, Apr. 8, 2004A

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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