Year-to-date, net tax revenue collections totaled $10.9 billion for an increase of nearly $518.5 million, or 5 percent, compared to the same point last year.
Changes within the following major tax categories explain the net tax revenue in January:
Individual Income Tax: Individual Income Tax collections for January totaled $1.07 billion - up from nearly $1.025 billion in January 2013, for an increase of $45 million, or 4.4 percent.
The following notable components within Individual Income Tax combine for the net increase:
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