Georgia: Gov. Kemp: October Tax Revenues Up 0.2%

Trending...
ATLANTA ~ Georgia collected about $2.71 billion in net taxes in October, up $6.7 million, or 0.2%, from October 2025, according to figures released by the state.

Net tax collections for the first four months of the fiscal year reached $11.13 billion, an increase of $247 million, or 2.3%, from the same period a year earlier, the state said.

Individual income tax collections fell by $115.1 million, or 8.6%, to $1.22 billion. The state attributed the decline to lower withholding payments, which were down $106.6 million, as well as decreases in individual tax return payments and other categories. Refunds issued also declined by $18.1 million.

The drop was offset in part by higher sales and use tax collections. Gross collections rose by $135.3 million, or 8.5%, while net sales tax revenue increased by $52.7 million, or 6.7%, the state reported. The adjusted distribution of sales tax revenue to local governments was $883.3 million, up $86.2 million from a year earlier. Sales tax refunds fell by $3.5 million.

More on Georgia Chron
Corporate income tax collections increased by $29.7 million, or 48.7%, compared with October 2025. The state said the increase reflected a $38.7 million decline in refunds, partly offset by an $18.4 million decrease in estimated payments. Other corporate tax payments rose by $9.4 million.

Motor fuel tax collections fell by $8.3 million, or 4.3%. The state said the decline was partly related to Gov. Brian Kemp's executive order suspending the motor fuel tax, which took effect Sept. 28, 2026.

Motor vehicle tag and title fee collections decreased by $4.7 million, or 11.5%, while title ad valorem tax collections rose by $2.1 million, or 2.9%, the state said.

Filed Under: Government, State
Show All News | Disclaimer | Report Violation

0 Comments

Latest on Georgia Chron