Georgia: November Tax Revenues Up 0.9%

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ATLANTA ~ Georgia's Net Tax Collections Increase in November

The State of Georgia saw an increase in net tax collections during the month of November, totaling almost $2.4 billion. This marks a $22.4 million increase, or 0.9%, compared to the same period in FY 2025 when net tax collections approached $2.38 billion.

According to the latest report from the Georgia Department of Revenue, year-to-date net tax revenue collections have also increased by $262.7 million, or 2.0%, compared to November 2024 when net tax collections approached $13.02 billion.

However, these year-to-year comparisons were affected by the motor fuel tax suspension due to Hurricane Helene in October 2024. When excluding motor fuel tax changes, revenues for the month of November were down 2.1% from the same period last year, while year-to-date collections were up 1.4%.

The increase in net tax revenue can be attributed to changes within various tax categories:

Individual Income Tax: Individual Income Tax collections totaled roughly $1.13 billion in November, which is a decrease from last fiscal year's total of $1.18 billion, marking an overall decrease of $46.7 million or 4%. The decrease can be attributed to several notable components within Individual Income Tax:

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- Individual Income Tax refunds issued (net of voided checks) increased by $3.8 million or 5.5%

- Income Tax Withholding payments for November decreased by $39.9 million, or 3.4%

- Individual Income Tax Return payments declined by $5.2 million, or 15.3%

- All other Individual Tax categories, including Non-Resident payments, were up a combined $2.2 million

Sales and Use Tax: Gross Sales and Use Tax collections in November totaled $1.64 billion, marking an increase of $38.6 million, or 2.4%, over FY 2025. Net Sales and Use Tax also saw an increase of $23.5 million, or 3%, compared to last year's total of $791 million. The adjusted Sales Tax distribution to local governments also increased by $18.6 million, or 2.3%, totaling $820.7 million.

Corporate Income Tax: Corporate Income Tax collections for November saw a decline of $38.3 million, or 130.4%, compared to last year's total of $29.3 million. This decrease can be attributed to the following notable components within Corporate Income Tax:

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- Corporate Income Tax refunds issued (net of voids) were up $24.8 million, or 78.9%

- Corporate Income Tax Return payments decreased by $8.3 million, or 48%

- All other Corporate Tax payments, including Estimated Tax payments, were down a combined $5.2 million

Motor Fuel Taxes: Motor Fuel Tax collections for the month increased by $70.2 million compared to last year when Governor Kemp's Executive Order suspended motor fuel tax collections in the aftermath of Hurricane Helene for a two-week period beginning October 3rd.

Motor Vehicle - Tag & Title Fees: Motor Vehicle Tag & Title Fee collections for November saw a decline of $4.1 million, or 13.4%, compared to last year's total of $30.5 million, while Title ad Valorem Tax (TAVT) collections increased by roughly $3.7 million, or 5.1%, from fiscal year 2025's total of nearly $73 million.

Overall, Georgia has seen an increase in net tax revenue collections during the month of November despite some decreases in certain tax categories due to external factors such as Hurricane Helene's impact on motor fuel taxes in October 2024.

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