State officials recorded another increase in net tax collections in Georgia for the month of May.
In the latest numbers released Monday morning, the governor's office announced the collections increased just over four percent over May of 2015.
Officials said about 73 million dollars was generated for transportation in May, the result of last year's transportation bill that upped taxes on fuel.
The following numbers were also included in the news release:
- Individual income tax withholding payments were up $77.3 million, or 10.1 percent.
- Income tax refunds, totaling $199.2 million during the month, were up $62.2 million, or 45.4 percent.
- All other individual tax categories, including estimated return payments, were up roughly $18.5 million.
- Gross sales tax collections deposited during the month totaled $864.5 million, for an increase of $14.6 million, or 1.7 percent, compared to May 2015.
- The adjusted distribution of sales tax to local governments totaled $401.7 million, which was an increase of $2.9 million, or 0.7 percent, over the previous fiscal year.
http://accesswdun.com/article/2016/6/407845/gov-deal-tax-revenues-up-41-percent-for-may