GA August tax receipts up 2.2% over 2011 - Atlanta News, Weather, Traffic, and Sports | FOX 5

GA August tax receipts up 2.2% over 2011

ATLANTA (AP) - Two months into the budget year, Georgia's tax collections outpace 2011. But consumers continue to spend conservatively.

That's according to the Georgia Department of Revenue's analysis of state income for the month of August.

The agency reports that tax receipts were up 2.2% over 2011 collections for the same month, while total state income was up 1.9%. Combined with a strong July, state income is still up 4.6% over last year, while the total tax haul is up 4.7%.

Corporate income tax receipts for August were well above 2011, continuing the July trend. But personal income tax receipts were basically flat. Sales tax revenue, meanwhile, were down, as were gas taxes and revenues from vehicle titles and fees. Those are key benchmarks to gauge consumer spending.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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