GA Tax Revenues Up 0.7 Percent in December

An announcement was made today by Gov. Deal stating that Georgia’s net tax collections for December, 2016 totaled almost $2.06 billion, an increase of about $15.2 million (0.7%) from December, 2015. This brings the net tax revenue collections to $10.86 billion for the current 2017 fiscal year, which is up $414.4 million (4.0%) from last year.

The following is a breakdown of the December, 2016 revenues in comparison to December, 2015:

Description Amount Collected Change From Dec., 2015 % Change
Individual income taxes $1.144 billion $768,000 0.1%
Gross Sales & Use Tax $874 million $43 million 5.2%
Net Sales & Use Tax $465.8 million $39.4 million 9.2%
Corporate income taxes $34.4 million -$37.3 million -29.8%
Motor Fuel Taxes $143.5 million $9.2 million 6.9%

A copy of the December, 2016 financial report can be seen at the Governor’s website.

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