The state’s net tax collections are on the rise, again. Gov. Nathan Deal reported Wednesday that Georgia’s net tax collections for May totaled almost $1.76 billion, for an increase of $31.5 million, or 1.8 percent, compared to last year when net collections totaled nearly $1.73 billion.
The Governor also reported that year-to-date, net tax collections totaled $20.73 billion, for an increase of $940.8 million, or 4.8 percent, compared to May 2017, when net tax revenues totaled roughly $19.79 billion.
A number of changes within different categories contributed to the overall net tax revenue increase in May, including a 1.4 percent increase in Individual Income Tax collections and a 7.2 percent increase in Sales and Use Tax.
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