published Tuesday, September 10th, 2013

Georgia revenue growth slows, up 2 percent for Aug.

ATLANTA — A report shows Georgia's revenue growth slowed in August with the state collecting $1.35 billion in taxes.

That represents a 2 percent increase compared to August 2012. In July, Georgia saw an increase of 6.7 percent in the year-to-year comparison and June's increase was 5.9 percent.

Gov. Nathan Deal reported today that individual income tax collections for August totaled $699.5 million. A reason cited for the decrease was that individual withholding payments were down 3.6 percent.

The governor's office says gross sales tax collections also declined $37.5 million, or 4.5 percent compared to August 2012. It noted the collections had been reduced while motor vehicle fees have increased under the system that replaced the old birthday car tax.

Meanwhile, corporate income tax collections increased nearly $3.5 million in August.

about Associated Press...

The Associated Press

Other National Articles

videos »         

photos »         

e-edition »

advertisement
advertisement

Find a Business

400 East 11th St., Chattanooga, TN 37403
General Information (423) 756-6900
Copyright, Permissions, Terms & Conditions, Privacy Policy, Ethics policy - Copyright ©2014, Chattanooga Publishing Company, Inc. All rights reserved.
This document may not be reprinted without the express written permission of Chattanooga Publishing Company, Inc.