August 8, 2017 11:21 AM
Georgia Tax Revenues Up 7.1% in July
An announcement made yesterday by Gov. Nathan Deal stated that Georgia’s net tax collections for July, 2017 totaled almost $1.72 billion, an increase of about $113.4 million (7.1%) from July, 2016.
The following is a breakdown of the July, 2017 revenues in comparison to July, 2016:
Description | Amount Collected | Change From July, 2016 | % Change |
Individual income taxes | $861.5 million | $80.9 million | 10.4% |
Gross Sales & Use Tax | $957.4 million | $46.7 million | 5.1% |
Net Sales & Use Tax | $508.8 million | $24.7 million | 5.1% |
Corporate income taxes | $19.4 million | $13.0 million | 205.6% |
Motor Fuel Taxes | $146.0 million | -$0.1 million | -0.1% |
Tag and Title Fees | $33.6 million | -$7.4 million | 28.4% |
Title Ad Valorem Tax | $81.5 million | -$10.0 million | -11.0% |
A copy of the July, 2017 financial report can be seen at the Governor’s website.
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I love this regular post. It should be a primary starting point for our legislators.
The conservative should want to see that grow by understanding everything that makes this up, hinders efficiency or does not serve its citizens in some balance.
Tells of concern would be candidates that see only one thing “we need to cut taxes” or we need more “redistribution” to non-producers and special interests.