Press release, 2018 January 5

For immediate release Jan. 5, 2018

Office of Communications (404) 651-7774

Deal: December tax revenues up 10 percent

Gov. Nathan Deal today announced that Georgia's net tax collections for December totaled $2.26 billion, for an increase of $206.1 million, or 10 percent, compared to last year when net tax collections totaled nearly $2.06 billion. Year-to-date, net tax collections totaled $11.3 billion, for an increase of $444.7 million, or 4.1 percent, over December 2016, when net tax revenues totaled roughly $10.86 billion six months into the fiscal year.
The changes within the following tax categories contributed to the overall net tax revenue increase in December:
Individual Income Tax: Individual Income Tax collections for the month totaled $1.26 billion, up from approximately $1.11 billion in December 2016, for an increase of approximately $146 million, or 13.1 percent.
The following notable components within Individual Income Tax combine for the net increase: Individual Income Tax refunds issued (net of voided checks) were up almost $7.3 million, or 21 percent. Individual Withholding payments were up $59.4 million, or 6.1 percent.

Individual Estimated Tax payments were up $60.8 million, or 46.3 percent. All other Individual Tax categories, including Non-Resident Return payments, were up
a combined $33.1 million.
Sales and Use Tax: Gross Sales and Use Tax collections deposited during the month totaled nearly $946.5 million, for an increase of $72.5 million, or 8.3 percent, over last year. Net Sales and Use Tax revenue totaled $495.8 million, for an increase of $30.1 million, or 6.5 percent, compared to December 2016, when net sales tax totaled roughly $465.8 million. The adjusted distribution of sales tax to local governments totaled $448.1 million, for an increase of approximately $46.3 million, or 11.5 percent, over last year. Finally, sales tax refunds decreased by $3.9 million, or -60.2 percent, from a total of $6.4 million in December 2016.
Corporate Income Tax: Corporate Income Tax collections for December increased by almost $22.3 million, or 13.6 percent, compared to last year when net Corporate Tax collections totaled $163.5 million.
The following components within Corporate Income Tax make up the net increase: Corporate Income Tax refunds issued (net of voided checks) were up nearly $1.2
million, or 29.6 percent. Corporate Tax Estimated payments were up $12.1 million, or 8.7 percent. All other Corporate Tax categories, including Corporate Return payments, were up a
combined $11.4 million.
Motor Fuel Taxes: Motor Fuel Tax collections during the month totaled $146.2 million, for an increase of $2.7 million, or 1.9 percent, compared to December 2016.
Motor Vehicle Tag & Title Fees: Motor Vehicle Tag & Title Fee collections for December increased by $1 million, or 3.8 percent, over last year. Title Ad Valorem Tax (TAVT) collections totaled $70.1 million, for a decrease of $9.8 million, or -12.3

percent, compared to December 2016, when TAVT collections totaled approximately $80 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

December 2017

December 2016

$

1,260,372 $

1,114,395

$

185,726 $

163,473

$ Change

$

145,978

$

22,253

Sales and Use Tax - General:

Sales and Use Tax - Gross (Note 2b)

$

Local Distribution (Note 1)

$

Adjustments \ Refunds

$

Net Sales and Use Tax - General

$

946,468 $ (448,061) $
(2,562) $ 495,845 $

873,947 $ (401,764) $
(6,430) $ 465,753 $

72,522 (46,297)
3,868 30,092

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

$

146,245 $

143,524 $

2,720

$

19,288 $

18,794 $

494

$

17,008 $

16,493 $

514

$

8$

65 $

(57)

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

$

832 $

858 $

(25)

$

28,173 $

27,153 $

1,020

$

70,147 $

79,963 $

(9,816)

$

99,152 $

107,973 $

(8,821)

Total Net Taxes - Subtotal

$

Interest, Fees and Sales:

Hotel \ Motel Fees

$

Other Interest, Fees & Sales (Note 3)

$

2,223,643 $
13,569 $ 27,735 $

2,030,470 $

193,173

13,074 $ 15,296 $

495 12,439

Total State General Fund Receipts

$

2,264,947 $

2,058,839 $

206,107

% Change
13.1% 13.6%
8.3% -11.5% 60.2%
6.5% 1.9% 2.6% 3.1% -87.7%
-3.0% 3.8% -12.3% -8.2%
9.5%
3.8% 81.3%
10.0%

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

$

5,888,700

$

441,278

FY 2017

$

5,569,321

$

412,053

$ Change % Change

$

319,379

$

29,225

5.7% 7.1%

$

5,632,017 $

5,308,853 $

323,163

$

(2,702,499) $

(2,450,976) $ (251,523)

$

(34,841) $

(45,386) $

10,545

$

2,894,677 $

2,812,491 $

82,185

$

904,996 $

882,756 $

22,240

$

115,045 $

112,833 $

2,211

$

98,654 $

97,573 $

1,080

$

1,299 $

1,210 $

90

$

4,319 $

5,114 $

(795)

$

184,141 $

169,673 $

14,468

$

470,105 $

512,511 $

(42,407)

$

658,564 $

687,298 $

(28,734)

$

11,003,212 $

10,575,536 $ 427,676

6.1% -10.3% 23.2%
2.9%
2.5% 2.0% 1.1% 7.4%
-15.5% 8.5% -8.3% -4.2%
4.0%

$

88,812 $

87,597 $

1,216

$

209,563 $

193,723 $

15,840

$

11,301,588 $

10,856,856 $ 444,732

1.4% 8.2%
4.1%

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.