Department of Revenue Automatically Extending 2019 Filing Deadline
The Georgia Department of Revenue is automatically extending income tax filing and payment deadlines to July 15, 2020. Vehicle registrations that expire between March 16, 2020 and June 14, 2020 are being extended through June 15, 2020.
Deal: June tax revenues up 1 percent
Gov. Nathan Deal today announced that Georgia’s net tax collections for June totaled $1.98 billion, for an increase of $20.5 million, or 1 percent, compared to last year when net tax collections totaled nearly $1.96 billion. Year-to-date, net tax collections totaled roughly $22.71 billion, for an increase of $961.3 million, or 4.4 percent, compared to June 2017, when net tax revenues totaled almost $21.75 billion.
The changes within the following tax categories contributed to the overall net tax revenue increase in June:
Individual Income Tax: Individual Income Tax collections for June decreased by $10.4 million, or -1.1 percent, compared to last year when Income Tax collections totaled $958.2 million.
The following notable components within Individual Income Tax combine for the net decrease:
- Individual Income Tax refunds issued (net of voided checks) were up $41 million, or 29.4 percent.
- Individual Withholding payments were up $24.6 million, or 2.9 percent.
- Individual Income Tax Estimated payments were up $11 million, or 6.9 percent.
- All other Individual Tax categories, including Non-Resident Return payments, were down a combined $5 million.
Sales and Use Tax: Gross Sales and Use Tax collections totaled $992.5 million, for an increase of $61.3 million, or 6.6 percent, over last year. Net Sales and Use Tax increased by nearly $24.3 million, or 5 percent, compared to June 2017, when net sales tax totaled $483 million. The adjusted distribution of sales tax to local governments totaled $483.4 million, for an increase of $40.8 million, or 9.2 percent, over last year. Finally, sales tax refunds decreased by roughly $3.7 million, or 66.8 percent.
Corporate Income Tax: Corporate Income Tax collections for June decreased by $10.6 million, or -5.5 percent, compared to last year when Corporate Tax collections totaled $193.3 million.
The following notable components within Corporate Income Tax make up the net decrease:
- Corporate Income Tax refunds issued (net of voided checks) were up $23.2 million, or 266.7 percent.
- Corporate Income Tax payments were up $7.8 million, or 62.1 percent.
- All other Corporate Tax categories, including Corporate Estimated payments, were up roughly $4.8 million.
Motor Fuel Taxes: Motor Fuel Tax collections during the month totaled nearly $160.8 million, for an increase of $11.9 million, or 8 percent, compared to June 2017.
Motor Vehicle Tag & Title Fees: Motor Vehicle Tag & Title Fees for the month totaled $32.2 million, for an increase of almost $1.8 million, or 5.8 percent, over last year. Title Ad Valorem Tax (TAVT) collections increased by roughly $2.9 million, or 4 percent, compared to June 2017, when TAVT collections totaled $71.6 million.