For immediate release May 6, 2016

Office of Communications (404) 651-7774

Deal: April tax revenues up 3.3 percent

Gov. Nathan Deal today announced that Georgia's net tax collections for April totaled $2.07 billion, for an increase of $63.6 million, or 3.3 percent, over April 2015. Year-to-date, net tax revenue collections totaled $17.34 billion, for an overall increase of $1.56 billion, or 9.9 percent, compared to April 2015, when net tax revenues totaled $15.78 billion.
House Bill 170, which introduced an array of both tax reforms and new tax legislation beginning on July 1, generated transportation revenue of $79.6 million in April. As a result, total net tax collection revenue for April 2016 increased by 7.4 percent over April 2015.
The changes below within the following tax categories contributed to April's overall net tax revenue increase: Individual Income Tax: Individual Income Tax collections for the month totaled nearly $1.08 billion, up from approximately $1.06 billion in April 2015, for an increase of $20.3 million, or 1.9 percent.
The following notable components within Individual Income Tax combine for the net increase:

Individual Income Tax Withholding payments were up $18.2 million, or 2.1 percent.
Income Tax refunds, totaling $611.8 million for the month, were down $0.4 million, or -0.1 percent.

All other Individual Tax categories, including Estimated Return payments, were up $1.7 million.
Sales and Use Tax: Gross Sales Tax collections deposited during the month totaled $934.6 million, for an increase of $24.2 million, or 2.7 percent, compared to April 2015. Net Sales and Use Tax revenue increased $8 million, or 1.6 percent, compared to last year when net sales and use taxes totaled $504.3 million. The adjusted distribution of sales tax to local governments totaled $418.8 million, an increase of $25.6 million, or 6.5 percent, compared to April 2015. Lastly, sales and use tax refunds decreased by approximately $9.4 million compared to last year.
Corporate Income Tax: Corporate Income Tax collections in April totaled $105.6 million, for a decrease of nearly $0.9 million, or -0.8 percent, compared to April 2015 when net Corporate Tax revenues totaled $106.5 million.
The following notable components within Corporate Income Tax make up the net decrease: Corporate Tax refunds issued (net of voids) were up $8.4 million, or 128.5 percent.
Corporate Estimated Tax Return payments were up $6.9 million, or 6.4 percent. All other Corporate Taxes, including S-Corp and Net Worth payments, were up roughly $0.7
million.
Motor Vehicle Tag & Title Fees: Tag and Title Fee collections decreased by $0.4 million, or -1.3 percent, compared to April 2015. Title Ad Valorem Tax collections totaled almost $91 million, for an increase of $14.8 million, or 19.5 percent, over the previous fiscal year.
Jen Talaber Ryan jen.ryan@georgia.gov
Alyssa Botts abotts@georgia.gov

GEORGIA DEPARTMENT OF REVENUE Comparative Summary of State General Fund Receipts
(unaudited - 000's)

State General Fund Receipts Net Tax Revenues: Income Tax - Individual Income Tax - Corporate

For the Month Ended

April FY '16

April FY '15

$

1,078,660 $

1,058,406

$

105,607 $

106,458

$ Change

$

20,254

$

(852)

Sales and Use Tax - General:

Sales and Use Tax - Gross (Note 2b)

$

Local Distribution (Note 1)

$

Adjustments \ Refunds

$

Net Sales and Use Tax - General

$

Motor Fuel Taxes (Note 2a)

$

Tobacco Taxes

$

Alcoholic Beverages Tax

$

Property Tax

$

934,631 $ (418,827) $
(3,469) $ 512,335 $
153,668 $ 21,256 $ 17,140 $ 329 $

910,461 $ (393,213) $
(12,906) $ 504,343 $
91,308 $ 18,676 $ 15,762 $
559 $

24,170 (25,615)
9,437 7,992
62,360 2,580 1,378 (230)

Motor Vehicle Revenues: Highway Impact Fees Tag, Title and Fees Title Ad Valorem Tax
Motor Vehicle Subtotal

$

2,138 $

-

$

2,138

$

31,356 $

31,773 $

(418)

$

90,945 $

76,114 $

14,832

$

124,439 $

107,887 $

16,552

Total Net Taxes - Subtotal

$

Interest, Fees and Sales:

Hotel \ Motel Fees

$

Other Interest, Fees & Sales (Note 3)

$

2,013,434 $
15,085 $ 45,320 $

1,903,399 $

110,035

-

$

27,218 $

15,085 18,102

Total State General Fund Receipts

$

2,073,839 $

1,930,617 $

143,222

% Change
1.9% -0.8%
2.7% -6.5% 73.1% 1.6% 68.3% 13.8% 8.7% -41.1%
-1.3% 19.5% 15.3%
5.8%
66.5% 7.4%

State General Fund Receipts Net Tax Revenues: Income Tax - Individual Income Tax - Corporate
Sales and Use Tax - General: Sales and Use Tax - Gross (Note 2b) Local Distribution (Note 1) Adjustments \ Refunds
Net Sales and Use Tax - General
Motor Fuel Taxes (Note 2a) Tobacco Taxes Alcoholic Beverages Tax Property Tax
Motor Vehicle Revenues: Highway Impact Fees Tag, Title and Fees Title Ad Valorem Tax
Motor Vehicle Subtotal
Total Net Taxes - Subtotal
Interest, Fees and Sales: Hotel \ Motel Fees Other Interest, Fees & Sales (Note 3)
Total State General Fund Receipts

FY 2016

$

8,768,990

$

775,832

FY 2015

$

8,056,903

$

777,225

$ Change % Change

$

712,087

$

(1,393)

8.8% -0.2%

$

8,752,357 $

8,635,392 $

116,965

$

(4,085,411) $

(4,023,536) $

(61,875)

$

(104,942) $

(74,834) $

(30,108)

$

4,562,004 $

4,537,022 $

24,982

$

1,362,280 $

$

183,845 $

$

158,083 $

$

13,470 $

845,589 $ 176,250 $ 152,054 $
26,154 $

516,690 7,595 6,029
(12,684)

$

12,433 $

$

302,905 $

$

777,595 $

$

1,092,934 $

-

$

282,248 $

673,248 $

955,496 $

12,433 20,657 104,347 137,438

$

16,917,437 $

15,526,693 $ 1,390,744

$

121,011 $

-

$

121,011

$

303,788 $

251,279 $

52,509

$

17,342,236 $

15,777,972 $ 1,564,264

1.4% -1.5% -40.2% 0.6% 61.1% 4.3% 4.0% -48.5%
7.3% 15.5% 14.4%
9.0%
20.9%
9.9%

Footnotes: 1. The Local Distribution is adjusted with an accrual to reflect payment activity that occurs after the actual distribution (3 business days prior to the end of a month). 2. Both the a) 3% State Prepaid Motor Fuel Tax and b) 1% State Motor Fuel Sales Tax (2nd Motor Fuel) were repealed by Transportation Funding Act (HB 170).
3. "Other Interest, Fees & Sales" include payments that have been deposited in the bank, but for which returns may not have been processed. These undistributed tax payments are then re-classified (once the return is processed) to the appropriate revenue tax account. "Other" also includes Unclaimed Property collections.