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Georgia tax revenue rose 8.3 percent in September

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Georgia’s net tax collections totaled $1.72 billion in September and increased by 8.3 percent when compared to last September, according to a statement released Tuesday by the Governor’s Office.

The 8.3 percent rise last month in net tax revenue represents an increase of about $132 million in the year-to-year comparison.

In August, the state collected $1.35 billion in taxes, a 2 percent increase from the previous year.

Gov. Nathan Deal announced that year-to-date, net tax revenue collections totaled $4.48 billion for an increase of 5.8 percent, or $247.5 million, compared to the same time period in 2012.

Also in September, individual income tax collections increased 7 percent to $885.5 million and corporate income tax collections rose by 19.5 percent to $179.25 million.

The report indicated that gross sales tax decreased by 5.7 percent, or $48.5 million, while motor vehicle fees increased by $74.5 million as a result of the new tax law that replaced the birthday tax for car owners.

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Little Lamb
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Little Lamb 10/08/13 - 10:45 pm
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Tax Increase

I'm tellin’ ya; I'm feelin’ it. The pain at the pump from the TSPLOST and the property tax bill with the garbage on it – it adds up. The school taxes are killin’ me, especially since my children have graduated and gone. When will it end? When will it end?

The Patient Protection and Affordable Care Act will probably do me in.

Sigh.

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