Two More States Reporting Sept. Tax Increases

1. Georgia's economic picture brightened with the news that state tax and fee collections increased in September by nearly 6 percent over the same month a year ago. It is the fourth consecutive month of positive revenue collections and follows a 13 percent jump in August. Revenue was up 3.8 percent in June and 4.7 percent in July.

2. Kentucky’s general fund receipts for September 2010 were up 5.3 percent from September 2009.  During September, the state’s individual income tax collections increased 3.3 percent, to $320.1 million from $309.7 million a year earlier. Corporation income taxes during the month increased 62.2 percent, to $63.6 million from $39.2 million.

That brings the total to nine states so far reporting improvements in tax revenues for September (see previous posts here and here).