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.