Governor Nathan Deal - Georgia’s 82nd Governor (2011-2019)

The content on this website is archived historic material and should be used for research purposes only. This website is no longer updated, and some links may not work. For inquiries please contact Governor Kemp’s office.

Deal: September tax revenues up 4.6 percent

October 13, 2015
Gov. Nathan Deal announced today that Georgia’s net tax collections for September totaled nearly $1.97 billion, an increase of $83.4 million, or 4.6 percent, compared to September 2014. Year-to-date, net tax revenue collections totaled almost $5.13 billion, for an increase of nearly $438.7 million, or 9.4 percent, compared to last year, when net tax revenues totaled $4.69 billion. 
 
House Bill 170, which introduced an array of tax reforms and new tax legislation beginning on July 1, generated transportation revenue of $74.3 million in September. As a result, the total revenue for September 2015 increased 8.7 percent over September 2014.
 
The changes below within the following tax categories contribute to September’s overall net tax revenue increase:
 
Individual Income Tax: Individual Income Tax collections for September totaled roughly $1.01 billion, up from a total of nearly $949.9 million in September 2014, for an increase of $62.3 million, or 6.6 percent.
 
The following notable components within Individual Income Tax combine for the net increase:
 
•      Individual Income Tax Withholding payments were up approximately $48.7 million, or 6.4 percent.
 
•      Income Tax refunds, totaling $46.9 million during the month, were up $15.2 million, or 48.1 percent.

•      All other Individual Tax categories, including Estimated and Return payments, were up a combined $28.8 million.
 
Sales and Use Tax: Gross Sales Tax collections deposited during the month totaled $865.2 million, which was an increase of $7.8 million, or 0.9 percent, over the previous year. Net Sales Tax revenue decreased $1.5 million, or -0.3 percent, compared to September 2014, when net sales tax totaled $445.6 million. The adjusted distribution of sales tax to local governments totaled $413.8 million, for an increase of $7.5 million, or 1.9 percent, compared to last year. Lastly, sales tax refunds increased by $1.7 million compared to September 2014.
 
Corporate Income Tax: Corporate Income Tax collections for September increased by $2.5 million, or 1.4 percent, compared to September 2014, when net Corporate Tax revenues totaled $184.6 million.
 
The following notable components within Corporate Income Tax make up the net increase:
 
•      Corporate Tax refunds issued (net of voids) were up $3.9 million, or 25.4 percent.
 
•      Corporate Income Tax Return payments were up nearly $4.1 million, or 30.1 percent.
 
•      All other Corporate Tax categories, including Estimated and Net Worth payments, increased $2.3 million.  
 
Motor Vehicle Tag & Title Fees: Tag and Title Fee collections decreased nearly $1.7 million, or -5.4 percent, compared to September 2014. Title Ad Valorem Tax (TAVT) collections totaled $79.7 million, for an increase of approximately $11.3 million, or 16.4 percent, compared to the previous fiscal year.