ATLANTA - Georgia's net tax collections for the month of August totaled $1.35 billion for an increase of $27 million, or 2 percent, compared to August 2012. Year-to-date, net tax revenue collections totaled $2.75 billion for an increase of nearly $115.5 million or 4.4 percent, compared to the same point last year.
The following changes within the various tax categories led to the overall net revenue increase in August:
Individual Income Tax: Individual Income Tax collections for August totaled $699.5 million - down from $709 million in August 2012, for a decrease of $9.5 million or -1.3 percent.
The following notable components within Individual Income Tax account for the net decrease:
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