August Tax Revenues Up 7 Percent

An announcement made today by Gov. Nathan Deal stated that Georgia’s net tax collections for August, 2018 totaled approximately $1.8 billion, an increase of about $117.4 million (7%) from August, 2017. Net tax revenues for the fiscal year have totaled $3.58 billion, an increase of $176.8 million (5.2%) from this point last year.

The following is a breakdown of the August, 2018 revenues in comparison to August, 2017:

Description Amount Collected Change From Aug. 2017 % Change
Individual income taxes $939.4 million $77 million 8.9%
Gross Sales & Use Tax $1.02 billion $76.8 million 8.2%
Net Sales & Use Tax $518.2 million $54.3 million 11.7%
Corporate income taxes $18 million $3.5 million 23.8%
Motor Fuel Taxes $153.7 million -$0.2 million -0.1%
Tag and Title Fees $36.54 million $4 million 12.2%
Title Ad Valorem Tax $72.5 million -$14.0 million -16.6%

A copy of the August, 2018 financial report can be seen at the Governor’s website.

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