State's revenues increase 8.6 percent in May

ATLANTA - Georgia's net tax collections in May totaled $1.35 billion for an increase of $106 million, or 8.6 percent, compared to May 2012. Year-to-date, net revenue collections totaled $15.4 billion for an increase of $915 million, or 6.3 percent, compared to the same point last year.

Gov. Nathan Deal announced the figures Friday.

The following changes within the various tax categories contributed to the net revenue increase in May:

Individual Income Tax:

Individual Income Tax collections for May totaled $654.5 million - up from $617 million in May 2012, for an increase of $37.5 million or 6.1 percent.

The following notable components within Individual Income Tax account for the increase:

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