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

Three smart year-end tax tips for 2014

In the financial hangover of the holiday season, many consumers are already wondering how to get back on track for 2015. However, it’s ... Read More


Business Briefs

DTH Expeditors wins 'Best of Atlanta' DTH Expeditors Inc., owned by Michael E. Winslett of Newnan, has been selected for the 2014 Best of A ... Read More


Local tech launches new business

Fifteen years after serving as the engineering design specialist for Arkansas State University, Greg Coldwell was in search of a fresh start ... Read More


60 Seconds With Amy Casey

What motivated you to open an olive oil/vinegar and kitchen gadget store? I’ve always dreamed of having a gift shop in a quaint town, ... Read More


Business People

Spancrete names Newnan manager Ken Boyns has been named as the plant manager at the Newnan Spancrete facility. The new plant, located in t ... Read More

Lovell Tree Farm continues to harvest tradition

When the Lovell family started planting and farming Christmas trees over ten years ago, they never expected to see the business grow to the ... Read More