Ga. tax collections in December up 10 percent

Print Page Updated: 05:13:49 PM, Wed 09 January 2013

ATLANTA (AP) — Georgia's tax collections jumped nearly 10 percent to roughly $1.7 billion in December compared to the same period a year ago.

Gov. Nathan Deal's office said Wednesday that the increase in revenue represented an increase of roughly $151 million against December 2011.

Personal income tax collections increased nearly 12 percent to roughly $945 million, while the sales and use tax collections rose almost 10 percent to about $441 million.

While the increase in tax collections are larger than those seen recently, they are in line with trends in the national economy.

Tax collections are viewed as a rough measure of local economic health. The more money that people earn and spend, the more money that Georgia's state government collects in tax revenue.

Tags: ap, gov. nathan deal, georgia, period, income, wednesday, economics, office, percent, income tax, business, economy, tax, state government, money, sales, tax refund, atlanta, progressive tax, tax revenue, increase, personal income tax, tax collections, commodity money, national economy, trends, ga. tax collections, local economic health, rough measure