An announcement was made today by Gov. Deal stating that Georgia’s net tax collections for December were almost $1.91 billion, an increase of about $158 million (9%) from December, 2013. This brings the net tax revenue collections to $9.61 billion for the fiscal year, which is up $517 million (5.7%) from last year.
The following is a breakdown of some of the increases from last December:
|Description||Amount Collected||Increase Over Dec. 2013||Percentage Increase|
|Individual income taxes||$1.09 billion||$128.5 million||13.4%|
|Gross Sales & Use Tax||$833.9 million||$41.4 million||5.2%|
|Net Sales & Use Tax||$431.04 million||$16.658 million||4.0%|
|Corporate income taxes||$187.242 million||$33.86 million||22.1%|
The full report can be seen after the break.