ATLANTA - Gov. Nathan Deal announced Thursday that Georgia's net tax collections for the month of September totaled $1.59 billion for an increase of $59.5 million, or 3.9 percent, compared to September 2011. Through the first quarter of this year, net revenue collections totaled $4.2 billion - an increase of $175 million, or 4.3 percent, compared to last year.
"This trend of revenue growth for the ninth consecutive quarter alongside several other solid economic indicators proves we are moving in the right direction," said Deal. "Because there is still a lot of room for improvement, we will maintain a cautiously optimistic economic outlook for the state over the next several months."
The following changes within the various tax categories led to the overall net revenue increases in September:
Individual Income Tax: Individual Income Tax collections for September totaled $827 million - up from $812 million in September 2011-for an increase of $15 million, or 1.9 percent.
The following notable components within Individual Income Tax account for the increase: