March 6, 2014

State revenues in February total nearly $838 million


Associated Press

ATLANTA — A report shows Georgia’s revenues were nearly $838 million in February, an increase of 5.3 percent over the same month a year ago.

The office of Gov. Nathan Deal said Thursday that both individual income and corporate tax collections were up. Meanwhile, overall year-to-date tax collections total $11.7 billion. That’s an increase of $560.5 million, or 5 percent, compared to the same point last 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 were down because of legislation replacing the auto sales tax with a one-time title tax.