- Collection:
- Georgia Government Publications
- Serial:
- Press release.
- Title:
- Press release, 2019 November 8
- Creator:
- Georgia. Office of the Governor
- Contributor to Resource:
- Georgia. Office of the Governor
- Publisher:
- Atlanta, Ga. : Georgia. Office of the Governor
- Date of Original:
- 2019-11-08
- Subject:
- Georgia--Politics and government--Periodicals
- Location:
- United States, Georgia, 32.75042, -83.50018
- Medium:
- serials (publications)
- Type:
- Text
- Format:
- application/pdf
- Description:
- This is a press release issued by the Governor of the state of Georgia
- External Identifiers:
- Call Number GA G600 .P1 P7 2019/11-8
- Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_i-ga-bg600-b-pp1-bp7-b2019-s11-h8-belec-p-btext
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_i-ga-bg600-b-pp1-bp7-b2019-s11-h8-belec-p-btext
- Language:
- eng
- Holding Institution:
- University of Georgia. Map and Government Information Library
- Rights:
-
October Net Tax Revenues Down 1.6%
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For Immediate Release Friday, November 8, 2019
October Net Tax Revenues Down 1.6%
Atlanta, GA - The State of Georgia's net tax collections in October totaled $1.98 billion for a decrease of $32.3 million, or -1.6 percent, compared to last year when net tax collections totaled roughly $2.01 billion. Year-to-date, net tax revenue collections totaled $7.81 billion for a decrease of $11.2 million, or -0.1 percent, compared to October Fiscal Year (FY) 2019.
Individual Income Tax: Individual Income Tax collections for October increased by $1.2 million, or 0.1 percent, up from last year when net Individual Tax revenues totaled just over $1.05 billion.
The following components within Individual Income Tax combine for the net increase:
Individual Income Tax refunds issued (net of voided checks) increased by $17 million or 11.1 percent.
Individual Withholding payments declined by $52.6 million, or -5.1 percent, compared to last year.
Individual Income Tax Return payments were up $51.7 million, or 43.7 percent, over last year.
All other Individual Tax categories, including Non-Resident Tax payments, were up a combined $19.1 million.
Sales and Use Tax: Gross Sales and Use Tax collections increased by nearly $62.2 million, or 6.3 percent, from last year's total of $994.3 million. Net Sales and Use Tax decreased by $2.2 million, or -0.4 percent, compared to FY 2019 when net Sales Tax revenue totaled $525.1 million. The adjusted Sales Tax distribution to local governments totaled $528.1 million for an increase of roughly $64.8 million, or 14 percent, over the previous fiscal year. Sales Tax refunds fell by roughly $0.4 million, or -7.6 percent, compared to October 2018.
Corporate Income Tax: Net Corporate Income Tax collections increased by $11.3 million, or 18 percent, compared to October 2018 when net Corporate Tax revenues totaled roughly $62.4 million for the month.
11/12/2019, 10:44 AM
October Net Tax Revenues Down 1.6%
https://madmimi.com/p/b5ee9f?pact=427281-155069173-11554464864-...
2019 Office of Georgia Governor Brian P. Kemp | Georgia State Capitol Web Version Preferences Forward Unsubscribe A GoDaddy company
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11/12/2019, 10:44 AM