AP News

Ga. revenues in January total nearly $1.81 billion


ATLANTA (AP) — A report shows the state of Georgia's revenues totaled nearly $1.81 billion in January, an increase of 4.4 percent over the same month a year ago.

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

Meanwhile, the year-to-date net tax revenue collections total $10.9 billion. That's an increase of 5 percent over year.

Deal's office says tax reforms including the elimination of the auto sales tax and a reduction in the sales tax on energy used in manufacturing have had a significant effect on Georgia's tax structure. The changes are influencing current month and year-to-date revenue collections.

Officials say gross sales tax collections are down because of legislation replacing the auto sales tax with a one-time title tax.


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus