November 8, 2019 11:53 AM
October Tax Revenues Down 1.6%
A press release issued today by Gov. Brian Kemp’s office states that Georgia’s net tax collections for October, 2019 totaled $1.98 billion, a decrease of $32.3 million (-1.6%) from October, 2018. Net tax revenues for the fiscal year have totaled $7.81 billion, a decrease of $11.2 million (-0.1%) from this point last year.
The following is a breakdown of the October, 2019 revenues in comparison to October, 2018:
| Description | Amount Collected | Change From Oct. 2018 | % Change |
| Individual income taxes | $1.052 billion | $1.19 million | 0.1% |
| Gross Sales & Use Tax | $1.056 billion | $62.2 million | 6.3% |
| Net Sales & Use Tax | $522.9 million | -$2.2 million | -0.4% |
| Corporate income taxes | $73.7 million | $11.3 million | 18% |
| Motor Fuel Taxes | $150.9 million | $0.7 million | 0.5% |
| Tag and Title Fees | $35 million | $2.3 million | 7.2% |
| Title Ad Valorem Tax | $55.3 million | -$19.1 million | -25.7% |
A full copy of the report can be SEEN HERE.
About Author
lawtonsack
Lawton is a graduate of Georgia Southern University (the GSU) with a degree in Information Technology. He has held numerous positions within the Georgia Republican Party throughout the years.
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So if we had bought more new cars everything would have been roses?