July Net Tax Revenues Up 3.1% 
 
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For Immediate Release Monday  August 12  2019 
July Net Tax Revenues Up 3.1% 
Atlanta  GA  The State of Georgia s net tax collections in the first month of fiscal year 2020 totaled roughly $1.83 billion for an increase of $55.7 million  or 3.1%  compared to last year when net tax collections totaled almost $1.78 billion. July s gross tax revenue receipts totaled $2.48 billion for an increase of $71.9 million  or 3%  over July 2018. 
Changes in the following tax categories account for July s overall net tax revenue increase  
Individual Income Tax  Individual Income Tax collections during the month totaled $969.6 million  up from $897.1 million in July 2018  for an increase of $72.5 million or 8.1%. 
The following components in Individual Income Tax combine for the net increase  
 Individual Income Tax refunds issued (net of voided checks) decreased by $41.5 million or -35.9%. 
 Income Tax Withholding payments for July increased by $19.5 million  or 2%  over last year. 
 All other Individual Tax categories  including Estimated Tax payments  increased a combined $11.5 million. 
Sales and Use Tax  Gross Sales and Use Tax collections totaled $1.06 billion in July for an increase of $36.9 million  or 3.6%  over last year. Net Sales and Use Tax increased roughly $11 million  or 2.1%  compared to fiscal year 2019 when Net Sales Tax revenue totaled $523.8 million. The adjusted Sales Tax distribution to local governments totaled $522.5 million for an increase of $28.9 million  or 5.9%  over last fiscal year. Lastly  Sales Tax refunds fell by nearly $3 million  or -47.8%  compared to last July. 
Corporate Income Tax  Net Corporate Income Tax collections decreased by $31.4 million  or -98.4%  compared to fiscal year 2019 when net Corporate Tax revenues totaled nearly $31.9 million in July. 
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 July Net Tax Revenues Up 3.1% 
 
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8/14/2019  8 29 AM