BRADENTON, Fla. — Georgia continues to report increased monthly revenues.
Net tax collections for August totaled $1.39 billion for an increase of $47 million or 3.5% compared to August 2013, according to Gov. Nathan Deal.
Year-to-date, net tax revenues have totaled $2.88 billion, an increase of $125 million or 4.5% compared to the previous fiscal year, when net tax revenues totaled $2.75 billion.
Two major categories - individual income and taxes - continued to see an upswing while corporate income tax collections declined in August compared with the prior year.
Individual income tax revenue totaled $714 million, up from $699.5 million for an increase of nearly $14.5 million or 2.1%.
Net sales and use tax collections were $408 million, an increase of $34.25 million or 8.4%.
Corporate tax collections for August were $15.35 million, down by $2 million or 13% compared to last year.
In July, the first month of the 2015 fiscal year, Georgia saw revenues total $1.49 billion for an increase of $78 million or 5.5% compared to the previous year.
The Peach state ended fiscal 2014 with the year's net tax revenue collections reaching $17.9 billion for an increase of $879 million or 5.2% compared to 2013.