Georgia revenues in May total $1.39 billion

by AP

ATLANTA (AP) — A report shows Georgia's revenues totaled nearly $1.39 billion in May, an increase of 3.1 percent over the same month a year ago.

The office of Gov. Nathan Deal said Monday that individual income tax collections were up while corporate tax collections decreased.

Meanwhile, year-to-date collections total $16.1 billion. That's an increase of 4.5 percent compared to the same point a year ago and keeps the state on track to meet projections for the fiscal year ending June 30.

Deal's office says tax reforms including the elimination of the auto sales tax and a reduction in the sales tax on energy in manufacturing have significantly affected Georgia's tax structure.

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