For immediate release Dec. 7, 2017

Office of Communications (404) 651-7774

Deal: November tax revenues up 7.3 percent

Gov. Nathan Deal today announced that Georgia's net tax collections for November totaled $1.84 billion, for an increase of nearly $124.7 million, or 7.3 percent, compared to last year when net tax collections totaled $1.72 billion. Year-to-date, net tax collections totaled almost $9.04 billion, for an increase of $238.6 million, or 2.7 percent, over November 2016, when net tax revenues totaled roughly $8.8 billion, five months into the fiscal year.
The changes within the following tax categories contributed to the overall net tax revenue increase in November:
Individual Income Tax: Individual Income Tax collections for the month totaled $954.6 million, up from approximately $863.9 million in November 2016, for an increase of nearly $90.8 million, or 10.5 percent.
The following notable components within Individual Income Tax combine for the net increase: Individual Income Tax refunds issued (net of voided checks) were down $7.1 million, or -10.9 percent.

Individual Withholding payments were up $78 million, or 8.8 percent. Individual Income Tax Return payments were up $8.9 million, or 230.2 percent. All other Individual Tax categories, including Estimated Tax payments, were down a
combined $3.2 million.
Sales and Use Tax: Gross Sales and Use Tax collections deposited during the month totaled $911.7 million, for an increase of $45.5 million, or 5.3 percent, over last year. Net Sales and Use Tax revenue totaled $465.9 million, for an increase of $8.4 million, or 1.8 percent, compared to November 2016, when net sales tax totaled $457.5 million. The adjusted distribution of sales tax to local governments totaled $442.6 million, for an increase of almost $38.5 million, or 9.5 percent, over last year. Finally, sales tax refunds decreased by $1.4 million, or -30.8 percent, from a total of $4.5 million in November 2016.
Corporate Income Tax: Corporate Income Tax collections for November increased by $7.3 million, or 42.8 percent, compared to last year when net Corporate Tax collections totaled $17 million.
The following components within Corporate Income Tax make up the net increase: Corporate Income Tax refunds issued (net of voided checks) were down $9.2 million, or
-54.2 percent. Corporate Tax Estimated payments were up $5 million, or 23.6 percent. All other Corporate Tax categories, including Corporate Return payments, were down a
combined $6.9 million.
Motor Fuel Taxes: Motor Fuel Tax collections during the month totaled $154.5 million, for an increase of $3.9 million, or 2.6 percent, compared to November 2016.
Motor Vehicle Tag & Title Fees: Motor Vehicle Tag & Title Fee collections for November totaled $27.2 million, for an increase of $1.4 million, or 5.5 percent, over

last year. Title Ad Valorem Tax (TAVT) collections decreased by $4.1 million, or -5.1 percent, compared to November 2016, when TAVT collections totaled approximately $79.1 million.
Jen Talaber Ryan jen.ryan@georgia.gov
John Vaughan john.vaughan@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

November 2017

November 2016

$

954,613 $

863,853

$

24,273 $

17,002

$ Change

$

90,760

$

7,271

Sales and Use Tax - General:

Sales and Use Tax - Gross (Note 2b)

$

Local Distribution (Note 1)

$

Adjustments \ Refunds

$

Net Sales and Use Tax - General

$

911,652 $ (442,636) $
(3,137) $ 465,879 $

866,159 $ (404,140) $
(4,534) $ 457,485 $

45,493 (38,496)
1,397 8,394

Motor Fuel Taxes (Note 2a) Tobacco Taxes Alcoholic Beverages Tax Property Tax

$

154,513 $

150,603 $

3,910

$

19,763 $

18,567 $

1,196

$

15,823 $

15,340 $

483

$

17 $

27 $

(10)

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

$

660 $

710 $

(50)

$

27,210 $

25,787 $

1,423

$

75,028 $

79,080 $

(4,052)

$

102,898 $

105,577 $

(2,679)

Total Net Taxes - Subtotal

$

Interest, Fees and Sales:

Hotel \ Motel Fees

$

Other Interest, Fees & Sales (Note 3)

$

1,737,777 $
15,316 $ 90,951 $

1,628,453 $

109,324

15,811 $ 75,108 $

(495) 15,843

Total State General Fund Receipts

$

1,844,044 $

1,719,372 $

124,673

% Change
10.5% 42.8%
5.3% -9.5% 30.8% 1.8% 2.6% 6.4% 3.2% -37.0%
-7.1% 5.5% -5.1% -2.5%
6.7%
-3.1% 21.1%
7.3%

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 2018

$

4,628,327

$

255,553

FY 2017

$

4,454,926

$

248,580

$ Change % Change

$

173,401

$

6,972

3.9% 2.8%

$

4,685,548 $

4,434,907 $

250,641

$

(2,254,437) $

(2,049,212) $ (205,226)

$

(32,279) $

(38,956) $

6,677

$

2,398,832 $

2,346,739 $

52,093

$

758,751 $

739,231 $

19,520

$

95,757 $

94,040 $

1,717

$

81,646 $

81,080 $

566

$

1,291 $

1,145 $

147

$

3,486 $

4,256 $

(770)

$

155,968 $

142,521 $

13,447

$

399,958 $

432,549 $

(32,591)

$

559,412 $

579,325 $

(19,913)

$

8,779,569 $

8,545,066 $

234,503

5.7% -10.0% 17.1%
2.2%
2.6% 1.8% 0.7% 12.8%
-18.1% 9.4% -7.5% -3.4%
2.7%

$

75,243 $

74,523 $

720

$

181,828 $

178,427 $

3,401

$

9,036,641 $

8,798,016 $

238,625

1.0% 1.9%
2.7%

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.