Tax Collections

Deal: April revenues up 13.2 percent

by Staff Reports

Gov. Nathan Deal Wednesday announced that Georgia’s net tax collections for April  totaled $1.73 billion —  for an increase of $201 million, or 13.2 percent, compared to April 2012. 

Year-to-date, net revenue collections totaled $14.1 billion for an increase of $808 million, or 6.1 percent, compared to the same point last year.

Changes within the various tax categories contributed to the net revenue increase in April:

Individual Income Tax collections for April totaled $1.01 billion — up from $805 million in April 2012 — for an increase of nearly $210 million, or 26.1 percent.

Notable components within Individual Income Tax account for the increase:

Individual Income Tax refunds (net of voided checks) were down $6.5 million, or -1.2 percent.

Individual Tax Return payments were up $282 million*, or 88.2 percent, over last year.

All other Individual Tax categories, including Estimated payments, were down a combined $78.5 million.

* Due to a reporting change with respect to Extension payments, the Return payment category is the primary driver for the dramatic year-over-year increase within Individual Income Tax.

Net Sales and Use Tax collections for April totaled nearly $417 million — down from $482.5 million in April 2012 — for an overall decrease of $65.5 million, or -13.6 percent. Gross Sales Tax collections were down $58.5 million compared to FY 2012 as a result of the recently implemented Title ad Valorem Tax fee law, which replaced both the point-of-sale sales tax on a vehicle and the annual ad valorem tax known as the “birthday tax,” effective March 1. Lastly, the combined impact of the monthly distribution to local governments and April refund activity was a decrease of $7.25 million to the month’s net collections.

Corporate Income Tax collections for April increased nearly $50.5 million, up from a total of $68 million in April 2012 to $118.5 million in the current year.

Notable components within Corporate Income Tax make up the increase:

Corporate Tax refunds (net of voided checks) were down $40 million compared to last year.

Corporate Estimated Tax payments were up $27 million, or 44.1 percent, compared to April 2012.

Corporate Income Tax Return and Net Worth payments were down a combined $16.5 million.




More Local

Wounded warriors to cycle through Newnan

Approximately 120 wounded warriors and supporters will bicycle into Newnan on Sunday and enjoy lunch at the Coweta Veterans Club. The group ... Read More


At the pumps

Gas prices expected to rise steadily

Gasoline prices have been creeping up steadily since early January, and prices are expected to rise even more in the next few weeks. But the ... Read More


New feature page begins on Sunday

On Sunday, a new feature page will be coming to The Newnan Times-Herald, replacing the Mini Page in the Focus on Education section. Kid Scoo ... Read More


Hamilton Bohannon

Newnan celebrity honored by Senate

A Newnan celebrity was honored by the Georgia Senate Thursday for his decades of contributions to the music industry. Hamilton Bohannon, who ... Read More


Senator, teacher challenge new US history course

The controversy over the revised Advanced Placement U.S. History course has come to Georgia. Last week, the senior vice president for AP and ... Read More

Woman arrested after narcotics found in privates

A woman received a few extra charges Tuesday after Coweta County authorities arrested her for violating her parole and found she was carryin ... Read More