Department of Revenue Automatically Extending 2019 Filing Deadline
The Georgia Department of Revenue is automatically extending the 2019 income tax filing and payment deadline to July 15, 2020. Vehicle registrations that expire between March 16, 2020 and May 14, 2020 are being extended through May 15, 2020.
Kemp: November Net Tax Revenues Down 1.2%
The State of Georgia’s net tax collections in November totaled almost $1.81 billion, for a decrease of $22.4 million, or -1.2 percent, compared to FY 2019 when net tax collections totaled $1.83 billion. Year-to-date, net tax revenue collections totaled $9.62 billion, for a decrease of roughly $33.6 million, or -0.3 percent, compared to FY 2019.
The changes within the following tax categories account for November’s overall net tax revenue decrease:
Individual Income Tax: Individual Income Tax collections for November declined by $31.3 million, or -3.4 percent, down from last year when net Individual Tax revenues totaled just over $932 million.
The following notable components within Individual Income Tax combine for the net decrease:
- Individual Income Tax refunds issued (net of voided checks) decreased by $8.9 million or -14.2 percent
- Individual Withholding payments declined by $53.1 million, or -5.6 percent, compared to last year
- Individual Income Tax Non-Resident Return payments were up $8.3 million or 157.1 percent
- All other Individual Tax categories, including Estimated Tax payments, were up a combined $4.6 million
Sales and Use Tax: Gross Sales and Use Tax collections increased by $45.2 million, or 4.5 percent, from last year’s total of 1.01 billion. Net Sales and Use Tax increased by $33.6 million, or 6.9 percent, compared to FY 2019, when net Sales Tax revenue totaled $488.7 million. The adjusted Sales Tax distribution to local governments totaled approximately $531 million, for an increase of $9.3 million, or 1.8 percent, over the previous year. Lastly, Sales Tax refunds increased by $2.3 million, or 165.1 percent, compared to November 2018.
Corporate Income Tax: Net Corporate Income Tax collections decreased by $23.1 million, or -85.1 percent, compared to FY 2019 when net Corporate Tax revenues totaled nearly $27.2 million in November.
The following notable components within Corporate Income Tax make up the net decrease:
- Corporate Tax refunds issued (net of voided checks) increased by $19.7 million or 175.9 percent
- Corporate Income Tax Return payments were down $6.6 million, or -112.8 percent, from last year
- All other Corporate Tax payments, including Estimated Tax payments, increased by $3.2 million
Motor Fuel Taxes: Motor Fuel Tax collections for the month fell by roughly $0.8 million, or -0.5 percent, from last year’s November total of $158.4 million.
Motor Vehicle - Tag & Title Fees: Motor Vehicle Tag & Title Fee collections for November were down $4.7 million, or -15.1 percent, compared to FY 2019 when Motor Vehicle fees totaled roughly $30.9 million. Title ad Valorem Tax (TAVT) collections also declined by $14.8 million, or -20.6 percent, compared to last year’s total of $71.7 million.