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: July tax revenues up 3.5 percent
Gov. Nathan Deal today announced that Georgia’s net tax collections for July, the first month of FY 2019, totaled nearly $1.78 billion, for an increase of $59.4 million, or 3.5 percent, compared to last year when net tax collections totaled almost $1.72 billion. July’s gross tax revenue receipts totaled $2.41 billion, for an increase of $136 million, or 6 percent, over July 2017.
The changes within the following tax categories contributed to the overall net tax revenue increase in July:
Individual Income Tax: Individual Income Tax collections for July totaled $897.1 million, for an increase of $35.6 million, or 4.1 percent, compared to last year when Individual Income Tax collections totaled $861.5 million.
The following notable components within Individual Income Tax combine for the net increase:
- Individual Income Tax refunds issued (net of voided checks) were up $29.6 million, or 34.4 percent.
- Individual Withholding payments were up $53.7 million, or 6 percent.
- All other Individual Tax categories, including Estimated Tax payments, were up a combined $11.5 million.
Sales and Use Tax: Gross Sales and Use Tax collections increased by $66.2 million, or 6.9 percent, over last year. Net Sales and Use Tax increased by nearly $15.1 million, or 3 percent, compared to July 2017, when net sales tax totaled almost $508.8 million. The adjusted distribution of sales tax to local governments totaled $493.6 million, for an increase of $48.9 million, or 11 percent, over last year. Finally, sales tax refunds increased by roughly $2.2 million, or 56.2 percent, compared to July 2017.
Corporate Income Tax: Corporate Income Tax collections for July totaled roughly $31.9 million, for an increase of $12.5 million, or 64.7 percent, compared to last year when net Corporate Tax revenues totaled nearly $19.4 million.
The following notable components within Corporate Income Tax make up the net increase:
- Corporate Income Tax refunds issued (net of voided checks) were up $1.6 million, or 9.4 percent.
- Corporate Income Tax Estimated Return payments were up $12.6 million, or 48.5 percent.
- All other Corporate Tax payments were up roughly $1.5 million, or 14.7 percent.
Motor Fuel Taxes: Motor Fuel Tax collections during the month increased by $7.7 million, or 5.3 percent, compared to last year when Motor Fuel Tax collections totaled nearly $146 million.
Motor Vehicle Tag & Title Fees: Motor Vehicle Tag & Title Fees for the month decreased by $5.1 million, or -15.2 percent, compared to last year when Motor Vehicle Tag & Title Fees totaled $33.6 million. Title Ad Valorem Tax (TAVT) collections totaled almost $72.6 million, for a decrease of $8.9 million, or -10.9 percent, over last year.