An announcement was made today by Gov. Deal stating that Georgia’s net tax collections for November were almost $1.46 billion, an increase of about $60.5 million (4.3%) from November, 2013. This brings the net tax revenue collections to $7.7 billion for the fiscal year, which is up $359 million (4.9%) from last year.
Most of the increase came from the following:
|Description||Amount Collected||Increase Over Nov. 2013||Percentage|
|Individual income taxes||$747.68 million||$53.5 million||7.7%|
|Net Sales & Use Tax||$437.84 million||$14.5 million||3.4%|
|Corporate income taxes||$2.518 million||$1.6 million||169.7%|
The full report can be seen after the break.