- Collection:
- Georgia Government Publications
- Serial:
- Press release.
- Title:
- Press release, 2021 November 5A
- 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:
- 2021-11-05
- Subject:
- Georgia--Politics and government--Periodicals
- Location:
- United States, Georgia, 32.75042, -83.50018
- Medium:
- serials (publications)
- Type:
- Text
- Format:
- application/pdf
- Description:
- Nov. 6, 2002; title from contents screen (GALILEO, viewed June 3, 2007).
June 1, 2007, viewed June 3, 2007. - External Identifiers:
- Call Number GA G600 .P1 P7 2021/11-5A
- Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_i-ga-bg600-b-pp1-bp7-b2021-s11-h5a-belec-p-btext
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_i-ga-bg600-b-pp1-bp7-b2021-s11-h5a-belec-p-btext
- Language:
- eng
- Holding Institution:
- University of Georgia. Map and Government Information Library
- Rights:
-
October Net Tax Revenues Up 22.9 Percent
https://madmimi.com/p/f037131?pact=169489-165385274-11554464864... Like Tweet Pin +1 in
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For Immediate Release Friday, November 5, 2021
October Net Tax Revenues Up 22.9 Percent
Atlanta, GA The State of Georgia's net tax collections in October approached $2.48 billion, for an increase of $460.7 million, or 22.9 percent, compared to October 2020, when net tax collections totaled roughly $2.02 billion. Year-to-date, net tax revenue collections totaled nearly $9.58 billion, for an increase of $1.36 billion, or 16.6 percent, over FY 2021.
The changes within the following tax categories account for October's overall net tax revenue increase:
Individual Income Tax: Individual Income Tax collections for October totaled almost $1.32 billion, for an increase of $279.8 million, or 26.9 percent, compared to FY 2021 when net Individual Tax revenues totaled $1.04 billion.
The following notable components within Individual Income Tax combine for the net increase:
Individual Income Tax refunds issued (net of voided checks) increased by $27.5 million or 16.9 percent. Individual Withholding payments increased by $114.6 million, or 11.8 percent, compared to FY 2021. Individual Income Tax Return payments were up $168.3 million, or 106.1 percent, from last year. All other Individual Tax categories, including Non-Resident Tax payments, were up a combined $24.4 million.
Sales and Use Tax: Gross Sales and Use Tax collections increased by $184.6 million, or 16.4 percent, from last year's total of $1.12 billion. Net Sales and Use Tax increased by $80 million, or 13.9 percent, compared to FY 2021, when net Sales Tax revenue totaled $574.9 million. The adjusted Sales Tax distribution to local governments totaled $642.4 million, for an increase of $108.9 million, or 20.4 percent, over the previous year. Lastly, Sales Tax refunds fell by $4.3 million, or decreased by 29.7 percent, compared to October 2020.
11/8/2021, 8:41 AM
October Net Tax Revenues Up 22.9 Percent
https://madmimi.com/p/f037131?pact=169489-165385274-11554464864...
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11/8/2021, 8:41 AM