Gov. Nathan Deal announced this week that Georgia’s net tax collections for the month of June totaled $1.58 billion for an increase of nearly $37 million, or 2.4 percent, compared to June 2012. For the year-ended June 30, net tax revenue collections totaled $17 billion for an increase of $951.5 million, or 5.9 percent, compared to the previous fiscal year, when net tax revenues edged above $16.05 billion.
Individual Income Tax collections for June totaled slightly less than $791.5 million — up from $780.75 million in June 2012 — for an increase of $10.5 million, or 1.4 percent. Net Sales and Use Tax collections for June totaled $414.5 million — down from $429 million in June 2012 — for a decrease of $14.5 million, or -3.4 percent.
Corporate Income Tax collections for June increased $2.75 million, or 1.8 percent — up from $154 million last year to $156.75 million in FY2013.