Tuesday 2:44am
September 02, 2014
Currently 74°F
Posted: Monday, July 14th 2014 at 11:40am

Georgia ends fiscal year with revenues up $879M

By The Associated Press
EMAIL STORY CONTACT EDITOR PRINT
click to enlarge
ATLANTA (AP) -- A new report shows Georgia has ended the fiscal year with an increase in revenues of about $879 million, a 5.2 percent increase over the previous year.

Gov. Nathan Deal's office said Monday that Georgia's net tax collections for the fiscal year totaled nearly $17.9 billion, due in part to a large increase in corporate income tax collections. For the fiscal year, those corporate collections totaled $944 million, an increase of 18 percent over the previous year's total of $797 million.

Individual income tax collections also showed a modest increase of 2.4 percent.

Legislation eliminating the annual birthday tax in favor of a one-time auto sales tax resulted in a small drop in gross sales and use taxes and a substantial increase in motor vehicle fees.
Associated Categories: Homepage, Business News, Local/State News

© Copyright 2014 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.


  • Click here
  • Click here
  • Click here
  • Click here
  • Click here
0.053955
icon
74°F
Gainesville, GA 30501
Clear
Wind: North 0 mph
Dew point: 68°F