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

Smallman

Same Old – Same Old

Sports coaches teach sound techniques and tell us that repeating them will give good results. And in business if you repeat the good practi ... Read More


Funeral association taps Robinson for community service award

Minnie Robinson, who has touched countless lives through her work with Community Action for Improvement, has been recognized by a regional p ... Read More


Speaking toward success

Business speaker Glen Gould practices what he preaches

As a young man, Glen Gould spent a lot of time on the golf course. He wasn’t playing but caddying. On the job, he was often in the mid ... Read More


Business Briefs

Foxwood Estate open house today The Foxwood Estate wedding venue is opening in Coweta at 360 Palmetto-Tyrone Road. The 28 acre wedding and ... Read More


Smallman

Monthly Billing? Forget it

There really is no excuse for not invoicing your clients on time and frequently. What’s wrong with traditional monthly billing you as ... Read More

Panoply to merge with Knox Furniture

Last week, Panoply Interior Design announced their merger with Knox Furniture. Panoply will re-locate to the Knox Furniture location at 75 G ... Read More