ATLANTA - Gov. Nathan Deal announced Monday that Georgia's net tax collections for January totaled $1.73 billion for an increase of nearly $164 million, or 10.4 percent, compared to January 2012. At the end of seven months, net tax revenue collections are up almost $564 million, or 5.7 percent, compared to the same point last year.
The following sections summarize the net revenue changes within major tax categories during the month:
Individual Income Tax: Individual Income Tax collections in January 2013 totaled $1.025 billion - up from $881.75 million in January 2012 - for an increase of $143.25 million, or 16.3 percent.
The following notable components within Individual Income Tax account for the increase: