Georgia Gov. Nathan Deal reports that the state's overall tax collections are back on the upswing after being down last month for the first time in 18 months.
The figures released Wednesday show net tax collections for the month of January totaled $1.57 billion, an increase of $11 million or 0.7 percent compared to January 2011. Through seven months of fiscal year 2012, net revenue collections totaled $9.8 billion, an increase of $420 million or 4.5 percent compared to year-to-date January fiscal year 2011.
Georgia's sales tax collections totaled $519 million, up from $503 million in January 2011, an increase of $16 million or 3.2 percent. Income tax collections totaled more than $881 million, up from $866 million last January.