Georgia reports modest rise in August net tax revenues

Governor Brian Kemp (2022-2026) - GOVERNOR BRIAN P. KEMP OFFICE of the GOVERNOR
Governor Brian Kemp (2022-2026) - GOVERNOR BRIAN P. KEMP OFFICE of the GOVERNOR
0Comments

The State of Georgia reported net tax collections of $2.41 billion for August 2025, marking a 3.2 percent increase from the same month last year when collections reached nearly $2.34 billion. For the fiscal year to date, total net tax revenue stands at $4.91 billion, which is a slight rise of $4 million, or 0.1 percent, compared to the previous year’s figure after two months.

Within individual income taxes, collections totaled almost $1.16 billion in August, up by $20.2 million or 1.8 percent from August of the prior fiscal year. The state noted several factors contributing to this increase: “Individual Income Tax refunds issued (net of voided checks) decreased by $7 million or -9.7 percent,” “Income Tax Withholding payments for the month increased by $9.3 million, or 0.8 percent, over August 2024,” and “Individual Income Tax Return payments increased by $4.7 million, or 14.1 percent, compared to FY 2025.” Other categories within individual income tax saw a combined decrease of $0.8 million.

Sales and use tax also saw growth in August with gross collections reaching $1.66 billion—an increase of $83.3 million or 5.3 percent over last year’s numbers—and net sales and use tax rising by $62.2 million or 8.2 percent compared to August 2024 when net sales tax revenue was recorded at $759.6 million.

Local governments received an adjusted distribution totaling $830 million from sales taxes in August—an increase of $18.2 million or 2.2 percent over the previous fiscal year—while sales tax refunds rose by $2.9 million from last year.

Corporate income tax collections fell during the month to a total of $39.8 million—a decrease of $4.5 million from last year’s level of $44.3 million—with changes attributed as follows: “Corporate Income Tax refunds issued (net of voids) were down $9.1 million or -33.6 percent from FY 2025,” “Corporate Income Tax Estimated payments decreased by $7.5 million, or -24.9 percent, from August 2024,” and “All other Corporate Tax payments, including Corporate Return payments, were down a combined $6.1 million.”

Motor fuel taxes brought in an additional increase with collections up by $6.3 million (or 3.2 percent) compared to the previous fiscal year when motor fuel excise taxes stood at approximately $193 million for the month.

In contrast, motor vehicle tag and title fee revenues dropped by $4 .7 million (13 .5 percent), while Title ad Valorem Tax (TAVT) receipts declined by $2 .4 million (3 .2 percent) relative to last year’s total of $74 .5 million.



Related

David Williams, the President of TPA

Taxpayers Protection Alliance urges Congress to update Graves Amendment for rideshare liability

The Taxpayers Protection Alliance is calling on Congress to update the Graves Amendment for consistent federal protection of ridesharing platforms from vicarious liability claims involving independent contractor drivers.

Frank Nutter, President at Reinsurance Association of America

Susan Donegan joins Reinsurance Association of America as senior vice president

Susan Donegan has been appointed Senior Vice President at the Reinsurance Association of America starting June 1. Her background includes regulatory leadership roles across state agencies and industry organizations. The RAA says her expertise will support its work representing reinsurers nationwide.

Sean Harper Co-Founder and Chief Executive Officer at Kin Insurance

Kin names Douglas Everson chief product officer

Douglas Everson has been named chief product officer at Kin Insurance Services. He will lead product management across several lines including new offerings like auto insurance and financing solutions for homeowners.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Insurance Rate Review.