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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