Georgia net tax collections for January 2015 increase - WRCBtv.com | Chattanooga News, Weather & Sports

Georgia net tax collections for January 2015 increase

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ATLANTA (AP) - Gov. Nathan Deal says Georgia's tax collections for January rose 3 percent compared to the same month last year.

He says that so far in 2015, tax collections total about $11.5 billion, up 5.2 percent vs. the same period in the previous fiscal year.

Individual withholding payments dropped 2.2 percent or $18.75 million in January, vs. January 2014, while tax refunds for last month shot up $41 million, or 221 percent.

Deal says corporate tax refunds dropped 10 percent or about $1.75 million in January. Corporate income tax return payments rose 119 percent in January to $2.85 million.

Gross tax revenues for the current fiscal year rose to $14.88 billion, an increase of 5.9 percent from $14.05 billion in January 2014.

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