The state of Georgia’s net tax collections for the month of January 2012 totaled $1.57 billion, an increase of $11 million or 0.7 percent compared to January 2011. Through seven months of FY2012, net revenue collections totaled $9.8 billion year-to-date, an increase of $420 million or 4.5 percent compared to the same YTD period last year.
The following changes within the various tax categories contributed to the net revenue increase in January: Individual Income Tax: Individual Income Tax collections for January 2012 totaled $881.5 million, up from $866 million in January 2011, for an increase of $15.5 million or 1.8 percent.
The following notable components within Individual Income Tax account for the increase:
• Individual Income Tax refunds issued (net of voided checks) were down $(22.5) million or -28.7 percent
• Individual Withholding payments were up $37 million or 5.1 percent over last year
• Individual Tax Return payments were up $19 million compared to last January
• Individual Income Tax Estimated payments were down $(63) million or -28.9 percent
Sales and Use Tax: Net Sales and Use Tax collections for January 2012 totaled $519 million, up from $503 million in January 2011, for an increase of $16 million or 3.2 percent. Gross Sales Tax collections were up $43.5 million over the previous year with a total of $978.5 million for the month. The monthly Sales Tax Distribution to local governments totaled $456 million, which was an increase of $33 million or 7.8 percent over last year.
Corporate Income Tax: A couple of large Corporate Income Tax refunds resulted in very low net Corporate Tax revenue as January 2012 dipped $(24.5) million or -90.5 percent, down from $27 million in January 2011.
The following notable components within Corporate Income Tax make up the decrease:
• Corporate Tax refunds issued (net of voided checks) were up $(33.5) million over last year
• Corporate Income Tax Return payments were up $20 million compared to last January
• Corporate Estimated Tax and S-Corp Tax payments were down a combined $(11) million
“Ever see anyone smoke tobacco in a pipe like this?" Deputy Jim Van Alstine asks. Pipes like this and some other convenience store products are more likely used for illegal drugs, the deputy said.
Products sold legally in convenience stores more dangerous than real drugs, says drug expert
In January, a Pickens County deputy responded to a medical call from a group of four teens in Pickens County.
Based on the officer’s reports as discussed by Sheriff Donnie Craig last week, one of the teens had passed out, and another panicked and called an ambulance. When the deputy arrived, three of the teens were lethargic with headaches and vomiting. The one who had passed out had come to but was still suffering health issues. One of the group had left and was trying to push a motorcycle down a busy road. He later told a deputy he had been too impaired to ride.
All four teens were taken to the hospital.
They told the deputy they had been smoking Mad Hatter.
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Deer kill protested – With bright red signs that read “Please Help Us Stop the Slaughter,” Bent Tree residents recently protested the deer kill slated to happen later this month. Page 3A.
Financial troubles threaten Air Force career – Airiel Green says a defaulted student loan and bankruptcy linked to an abusive past marriage may keep her from getting security clearance in the Air Force, which would make her lose her GI Bill and leave her with no funding for school. Page 6A.
Restaurant scores - Want to know how your favorite restaurant fared in cleanliness and sanitary food preparation? Check out the restaurant scores found in this week's edition.
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Rick Jasperse, Georgia House of Representatives District 12, will be the guest speaker.
This year the Optimists will recognize the PHS STAR Student and Teacher along with 9 STAR finalists. Each student and teacher was given a questionnaire, and below you will find responses from each of this year’s STARS.
The STAR Student for this year is Reuben Burnley and the STAR Teacher is Mr. Patrick Gallagher.
Vacation times will change in future years
The school board approved calendars for the next two academic years at its February 9th meeting.
After looking at more than 15 options, the board was presented the top two choices favored by staff at their meeting last week for both the 2012-2013 and 2013-2014 academic years. The board ended up choosing calendars that differ from this year’s calendar for vacation days and school ending dates. This year’s calendar follows a format pretty consistent with recent years.