GA Tax Revenues Up 3.6% In December

An announcement was made today by Gov. Deal stating that Georgia’s net tax collections for December, 2015 totaled over $2.04 billion, an increase of about $67.7 million (3.6%) from December, 2014. This brings the final net tax revenue collections to $10.44 billion for the 2016 fiscal year, which is up $834.2 million (8.7%) from last year.

In addition, $67.0 million was generated for transportation in December due to changes implemented by House Bill 170.

The following is a breakdown of the December, 2015 revenues in comparison to December, 2014:

Description Amount Collected Change From Dec., 2014 Percentage Change
Individual income taxes $1.11 billion $27.1 million 2.5%
Gross Sales & Use Tax $830.9 million -$3.0 million -0.4%
Net Sales & Use Tax $426.3 million -$4.7 million -1.1%
Corporate income taxes $200.8 million $13.6 million 7.3%

A copy of the December, 2015 financial report can be seen below the fold.