Georgia sees tax collections dip in September

Net tax collections in Georgia during September surpassed $3.2 billion, a decrease of 2.8%, or $91.2 million, from a year ago.

Last year, net tax collections totaled almost $3.3 billion for the month.

Year to date, net tax revenue collections totaled roughly $8.11 billion, for an increase of $29.5 million, or 0.4%, compared to September 2023 when net tax collections approached $8.08 billion.
 
Individual income tax collections during the month totaled nearly $1.44 billion, up from nearly $1.39 billion in fiscal year 2024, for an increase of 3.6%, or $50.2 million.

Corporate income tax collections for September decreased by roughly 13.1%, or nearly $90 million, compared to last year when net corporate tax revenues totaled $687.5 million.

Motor fuel tax collections for the month increased by 3.5%, or $6.7 million, compared to fiscal 2024 when they totaled $193.4 million.