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May tax revenues up 4.1 percent in Georgia
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Gov. Nathan Deal announced Monday that Georgia’s net tax collections for May were about $1.56 billion, an increase of $58.6 million, or 4.1 percent, year over year.

Collections for the year are up to $18.91 billion, a 9.9 percent compared with the first five months of 2015.

The transportation tax passed in 2015 generated $72.7 million in May.

Individual income tax collections for the month totaled $740.8 million, up from $707.2 million in May 2015, for an increase of $33.6 million, or 4.8 percent.

Net sales and use tax revenue increased $19.8 million, or 4.5 percent, compared to last year when net sales and use taxes totaled nearly $443 million.

The distribution of sales tax to local governments totaled $401.7 million, which was an increase of $2.9 million, or 0.7 percent, over the previous fiscal year.

Corporate income tax collections in May totaled $27.1 million, a decrease of nearly $3.3 million, or 10.8 percent, compared to last year.