Georgia Gov. Sonny Perdue announced today that net revenue collections for the month of February 2009 (fiscal year 2009) totaled $629,448,000 compared to $965,846,000 for February 2008 (FY08).
The decrease is $336,398,000 or 34.8 percent.
The percentage decrease year-to-date for fiscal year 2009 compared to fiscal year 2008 is 7.3 percent.
GEORGIA DEPARTMENT OF REVENUE
Comparative Net Revenue Collections
(unaudited - 000's)
For the Month Ended
February 2008 (FY 2008) February 2009 (FY 2009) $ Change % Change
Tax Revenues:
Income Tax - Individual: $300,446 $ 109,445 $ (191,001) -63.
6%
Sales and Use Tax - General: (Footnote 1)
Sales and Use Tax - Gross $834,367 $ 722,274 $(112,093) -13.4%
Local Sales Tax Distribution $(316,186) $ (330,594) $ (14,408) -4.6%
Sales Tax Refunds/Adjustments $(6,542) $ (2,869) $ 3,673 56.1%
Net Sales and Use Tax - General $511,639 $ 388,811 $ (122,828) -24.0%
Motor Fuel Taxes:
Pre Paid Motor Fuel Sales Tax $44,551 $ 27,341 $(17,210) -38.6%
Motor Fuel Excise Tax $39,314 $35,194 $ (4,120) -10.5%
Total Motor Fuel Taxes $83,865 $ 62,535 $ (21,330) -25.4%
Income Tax - Corporate $18,755 $6,318 $ (12,437) -66.3%
Tobacco Taxes $18,972 $18,551 $ (421) -2.2%
Alcohol Beverages Tax $12,137 $10,815 $(1,322) -10.9%
Estate Tax $ - $ - $ - 0.0%
Property Tax $3,327 $3,883 $556 16.7%
Motor Vehicle - Tag, Title & Fees (Footnote 3) $30,929 $ 30,017 $ (912) -2.9%
Total Tax Revenues $ 980,070 $ 630,375 $ (349,695) -35.7%
Other Revenues:
Other Fees and Sales (Footnote 2) $(14,224) $ (927) $ 13,297 93.5%
Total Taxes/Other Revenues $ 965,846 $ 629,448 $ (336,398) -34.8%