Georgia Tax Collection

February revenues up 4 percent

by Staff Reports

Gov. Nathan Deal announced this week that Georgia’s net tax collection for February totaled $796 million for an increase of nearly $31 million, or 4 percent, compared to February 2012.

After eight months in the current state fiscal year, net tax collections are up almost $595 million, or 5.6 percent, compared to this same point last year.

Individual Income Tax collections in February totaled $207.5 million — down from $235.75 million in February 2012, for a decrease of $28.2 million, or down 12 percent.

Net Sales and Use Tax collections for February totaled $446.25 million, up $34 million, or 8.3 percent. Gross sales tax collections increased $23 million, or 3 percent, compared to FY2012. The distribution to local governments fell $6.5 million to $348 million and sales tax refunds decreased $45 million, relative to February 2012.

Corporate Income Tax collections for February increased $31 million, or 92.3 percent, compared to last year’s net collections of $33.5 million.


More Business

Business Briefs

Victoria Belle named to 'Best of Weddings' Victoria Belle Mansion and Vintage White Barn in Hogansville has been selected as a 2015 winner ... Read More


Risky business

Stuntman, coordinator relocates to Senoia

Making it in Hollywood is never easy. Aspiring actors live from role to role. Their work is rarely steady and are perpetually worried about ... Read More


Business Briefs

Avalon earns Centers of Excellence Award Avalon Health and Rehabilitation in Newnan has received a Bronze award for Centers of Excellence fr ... Read More


Business People

Strickland joins John Taylor law firm East Coweta High School graduate Jim Strickland has joined the firm of David Taylor, Attorney at Law. ... Read More


Abide

Yokogawa automates Newnan’s first brewery

The ability to create a one-of-a-kind product is one of the calling cards of any successful brewery. With a multitude of recipes and varieti ... Read More

Shared Wisdom

Social Media Branding (without being ADD)

Do you want to get the word out about the MESSAGE of your organization? Do you want to be disciplined and organized in the focus of your com ... Read More