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Deal: September tax revenues up 7.4 percent
Nathan-Deal
Gov. Nathan Deal announced the jump in January-to-January tax revenue last week. - photo by File photo

Gov. Nathan Deal today announced that Georgia’s net tax collections for September totaled $2.23 billion, for an increase of $153.1 million, or 7.4 percent, compared to last year when net tax collections totaled nearly $2.08 billion. Year-to-date, net tax revenue collections totaled $5.81 billion, for an increase of $329.9 million, or 6 percent, compared to September 2017.

The changes within the following tax categories contributed to the overall net tax revenue increase in September:

Individual income tax: individual income tax collections for September totaled nearly $1.16 billion, for an increase of $105.6 million, or 10 percent, compared to last year when individual income tax collections totaled $1.05 billion.

The following notable components within individual income tax combine for the net increase:

Individual income tax refunds issued (net of voided checks) were up $0.9 million, or 1.6 percent.

Individual withholding payments were up $62.9 million, or 7.3 percent.

Non-resident income tax return payments were up $21.3 million, or 61.9 percent.

All other individual tax categories, including estimated tax payments, were up a combined $22.3 million.

Sales and use tax: gross sales and use tax collections for the month totaled roughly $1.01 billion, for an increase of $68.6 million, or 7.3 percent, compared to September 2017. Net sales and use tax totaled $514.1 million, for an increase of $33.6 million, or 7 percent, compared to last year when net sales and use tax totaled $480.5 million. The adjusted distribution of sales tax to local governments totaled $494.1 million, for an increase of $43.1 million, or 9.6 percent, over last year. Finally, sales tax refunds decreased by $8.1 million, or -56.2 percent, compared to September 2017.

Corporate income tax: corporate income tax collections for September totaled almost $208.6 million, for an increase of $9 million, or 4.5 percent, compared to last year when net corporate tax revenues totaled nearly $199.6 million.

The following notable components within corporate income tax make up the net increase:

Corporate income tax estimated return payments were up $17 million, or 9.4 percent.

Corporate income tax return payments were up $10.5 million, or 214.3 percent.

Corporate income tax refunds were up $20.4 million.

All other corporate tax categories, including S-Corp return payments, were up a combined $1.9 million.

Motor fuel taxes: motor fuel tax collections during the month totaled $164.8 million, for an increase of $6.9 million, or 4.4 percent, compared to September 2017.

Motor vehicle tag and title fees: motor vehicle tag and title fees for the month increased by $0.5 million, or 1.8 percent, compared to September 2017. Title ad valorem tax collections decreased by $2.8 million, or -3.4 percent, compared to last year.

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