Gov. Sonny Perdue announced Tuesday that net revenue collections for the month of March showed an increase for the first time since November 2008. Revenue for March totaled $998,239,000 compared to $987,986,000 for March 2009, an increase of $10,523,000 or 1.0 percent.
Gross tax collections statewide were up $141 million last month, an increase of 7.9 percent. Most of the gross increase for March was returned to taxpayers in the form of tax refund checks and to local jurisdictions through sales tax distributions.
Gross sales tax collections reported an increase of $7 million or 1.0 percent, up from $717 million in March 2009 to $724 million in March 2010. Corporate Income Tax experienced a net increase of $12 million or 9.8 percent in March 2010 compared to March 2009.