For immediate release Aug. 8, 2016

Office of Communications (404) 651-7774

Deal: July tax revenues up 1.7 percent

Gov. Nathan Deal today announced that Georgia's net tax collections for July totaled almost $1.61 billion, for an increase of $26.7 million, or 1.7 percent, compared to July 2015, when net tax collections totaled $1.58 billion. Gross tax revenue receipts totaled $2.16 billion for the month, for an increase of $78.9 million, or 3.8 percent, over last year.
The changes within the following tax categories account for July's overall net tax revenue increase:
Individual Income Tax: Individual Income Tax collections for the month totaled approximately $780.7 million, down from nearly $838.6 million in July 2015, for a decrease of $57.9 million, or -6.9 percent.
The following notable components within Individual Income Tax combine for the net decrease:

Individual Income Tax refunds issued (net of voided checks) were up $36.3 million, or 55.9 percent. Increased fraud detection efforts by the Department of Revenue resulted in a slowdown in refund processing compared to prior years. This slowdown delayed refund payments into Fiscal Year 2017 and pushed refund payments higher in July 2016 compared to July 2015.
Individual Withholding payments for the month were down $16.7 million, or -2 percent.
Individual Income Tax Return payments were down $4.6 million, or -37.7 percent.

All other Individual Tax categories, including Estimated Tax payments, were down a combined $0.3 million. Sales and Use Tax: Gross Sales Tax collections increased $9.2 million, or 1 percent, over last year. Net Sales Tax totaled $484 million, for an increase of $11.9 million, or 2.5 percent, compared to July 2015, when net sales tax totaled $472.1 million. The adjusted Sales Tax distribution to local governments totaled $417.2 million, which was an increase of nearly $4.9 million, or 1.2 percent, over last year. Sales Tax refunds decreased by $7.6 million compared to July 2015.
Corporate Income Tax: Corporate Income Tax collections in July totaled $6.3 million, which was a decrease of $15.8 million, or -71.4 percent, compared to last year when net Corporate Tax revenues totaled nearly $22.2 million.
The following notable components within Corporate Income Tax make up the net decrease:
Corporate Tax refunds issued (net of voided checks) were up $21.3 million, or 229 percent. Corporate Income Tax Estimated payments increased almost $5 million, or 19.2 percent. All other Corporate Tax components combined for an increase of $0.5 million over last year.
Motor Fuel Taxes: Motor Fuel Tax collections in July totaled $146.1 million, for an increase of nearly $56 million compared to July 2015.
Motor Vehicle Tag & Title Fees: Motor Vehicle Tag and Title Fee collections decreased by $2.9 million, or -9.9 percent, compared to July 2015. Title ad Valorem Tax collections totaled $91.5 million, for an increase of roughly $15.6 million, or 20.6 percent, over the previous year.
Alyssa Botts abotts@georgia.gov

De'Osha Randolph drandolph@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

July 2016

July 2015

$

780,655 $

838,568

$

6,337 $

22,175

$ Change

$

(57,913)

$

(15,839)

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

$

910,684 $ (417,179) $
(9,498) $ 484,008 $
146,055 $ 18,144 $ 18,106 $ 111 $

901,467 $ (412,308) $
(17,071) $ 472,089 $
90,095 $ 18,708 $ 17,170 $
148 $

9,217 (4,871) 7,573 11,919
55,960 (564) 936 (37)

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

$

1,115 $

808 $

307

$

26,179 $

29,040 $

(2,861)

$

91,510 $

75,866 $

15,645

$

118,804 $

105,713 $

13,091

Total Net Taxes - Subtotal

$

Interest, Fees and Sales:

Hotel \ Motel Fees

$

Other Interest, Fees & Sales (Note 3)

$

1,572,220 $
14,867 $ 18,867 $

1,564,666 $
16 $ 14,612 $

7,554
14,851 4,254

Total State General Fund Receipts

$

1,605,953 $

1,579,294 $

26,659

% Change
-6.9% -71.4%
1.0% -1.2% 44.4% 2.5% 62.1% -3.0% 5.5% -25.1%
38.1% -9.9% 20.6% 12.4%
0.5%
29.1%
1.7%

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 2017

$

780,655

$

6,337

FY 2016

$

838,568

$

22,175

$ Change % Change

$

(57,913)

$

(15,839)

-6.9% -71.4%

$

910,684 $

901,467 $

9,217

$

(417,179) $

(412,308) $

(4,871)

$

(9,498) $

(17,071) $

7,573

$

484,008 $

472,089 $

11,919

$

146,055 $

$

18,144 $

$

18,106 $

$

111 $

90,095 $ 18,708 $ 17,170 $
148 $

55,960 (564) 936 (37)

$

1,115 $

808 $

307

$

26,179 $

29,040 $

(2,861)

$

91,510 $

75,866 $

15,645

$

118,804 $

105,713 $

13,091

$

1,572,220 $

1,564,666 $

7,554

1.0% -1.2% 44.4% 2.5%
62.1% -3.0% 5.5% -25.1%
38.1% -9.9% 20.6% 12.4%
0.5%

$

14,867 $

16 $

14,851

$

18,867 $

14,612 $

4,254

$

1,605,953 $

1,579,294 $

26,659

29.1% 1.7%

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.