State News

July 16, 2013

Georgia tax revenue up 5.9 percent through June

ATLANTA — Georgia Gov. Nathan Deal says the state’s tax revenue through the month of June totaled $17 billion, up 5.9 percent — or nearly $951 million — from the same point in 2012.   

Deal said Monday that Georgia’s increase in net tax revenue could be attributed to growth in several categories.  

Deal says the state collected about $791.5 million in individual income taxes in June, a $10.5 million increase from June of 2012.

The state also collected $156.75 million in corporate income taxes, which is up by $2.75 million from June of 2012.

Deal says the state collected $87 million in motor vehicle fees, which is $58 million higher than last year. The increase is attributed to the newly-established tax that replaced the state’s auto sales tax on new car purchases.

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