Press release, Sept. 12, 2006

Tuesday, September 12, 2006

Contact: Office of Communications 404-651-7774

Governor Perdue Announces August Revenue Figures

ATLANTA Governor Sonny Perdue announced today that net revenue collections for the month of August 2006 (FY07) totaled $1,305,342,000 compared to $1,296,959,000 for August 2005 (FY06), an increase of $8,383,000 or 0.6 percent.

The percentage increase year-to-date for FY07 compared to FY06 is 6.5 percent.

GEORGIA DEPARTMENT OF REVENUE Comparative Net Revenue Collections (unaudited - 000's)

Tax Revenues: Income Tax - Individual Sales and Use Tax - General: Sales and Use Tax - Gross Local Sales Tax Distribution Sales Tax Refunds/Adjustments
Net Sales and Use Tax - General Motor Fuel Taxes:
Prepaid Motor Fuel Sales Tax Motor Fuel Excise Tax
Total Motor Fuel Taxes Income Tax - Corporate Tobacco Taxes Alcohol Beverages Tax Estate Tax Property Tax Motor Vehicle - Tag, Title & Fees
Total Tax Revenues Other Revenues:
Other Fees and Sales
Total Taxes/Other Revenues

For the Month Ended

August

August

2005 (FY

2006

2006)

(FY 2007)

$638,789

$641,777

$834,743 $(327,847) $(8,636) $498,260

$912,286 $(400,506) $(7,151) $504,629

$34,264
$42,481
$76,745 $20,009 $19,536 $11,830 $1,501 $1,849 $28,552 $1,297,071

$42,968
$39,376
$82,344 $5,906 $21,753 $11,325 $641 $1,735 $27,044 $1,297,154

$(112) $1,296,959

$8,188 $1,305,342

$ Change
$2,988
$77,543 $(72,659) $1,485 $6,369
$8,704
$(3,105) $5,599 $(14,103) $2,217 $(505) $(860) $(114) $(1,508) $83
$8,300 $8,383

GENERAL FUND Tax Revenues:
Income Tax - Individual

Year-to-date

FY 2006

FY 2007

$1,140,474

$1,240,317

$ Change
$99,843

% Change
0.5%
9.3% -22.2% 17.2%
1.3%
25.4%
-7.3% 7.3% -70.5% 11.3% -4.3% -57.3% -6.2% -5.3% 0.0%
-7410.7% 0.6%
% Change
8.8%

Sales and Use Tax - General: Sales and Use Tax - Gross Local Sales Tax Distribution Sales Tax Refunds/Adjustments
Net Sales and Use Tax - General Motor Fuel Taxes:
Prepaid Motor Fuel Sales Tax Motor Fuel Excise Tax
Total Motor Fuel Taxes Income Tax - Corporate Tobacco Taxes Alcohol Beverages Tax Estate Tax Property Tax Motor Vehicle - Tag, Title & Fees
Total Tax Revenues Other Revenues:
Other Fees and Sales
Total Taxes/Other Revenues

$1,649,165 $(665,018) $(28,334) $955,813
$62,741 $82,532 $145,273 $40,611 $28,376 $24,552 $2,112 $2,641 $48,611 $2,388,463
$1,694 $2,390,157

$1,798,255 $(748,437) $(32,195) $1,017,623
$78,578 $81,708 $160,286 $(2,140) $30,043 $26,554 $250 $2,341 $48,635 $2,523,909
$22,346 $2,546,255

$149,090 $(83,419) $(3,861) $61,810
$15,837 $(824) $15,013 $(42,751) $1,667 $2,002 $(1,862) $(300) $24 $135,446
$20,652 $156,098

9.0% -12.5% -13.6%
6.5%
25.2% -1.0% 10.3% -105.3% 5.9% 8.2% -88.2% -11.4% 0.0% 5.7%
1219.1% 6.5%

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. 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.

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