Georgia: Gov. Kemp: August Net Tax Revenues Up 3.5%

ATLANTA ~ Georgia's net tax collections for the month of August have seen a significant increase, reaching $2.50 billion. This marks an $85.4 million, or 3.5%, increase from the same time period in 2025.

According to the latest report from the Georgia Department of Revenue, several tax categories contributed to this overall growth in net tax revenue. Individual Income Tax collections saw a notable increase of $40 million, or 3.5%, from roughly $1.16 billion in August 2025.

The rise in Individual Income Tax can be attributed to various factors, including a $4.3 million, or 6.7%, increase in refunds issued (net of void checks). Additionally, Income Tax Withholding payments for August increased by $49.3 million, or 4.4%, compared to FY 2026.

However, there were also some decreases within this category, with Individual Income Tax Return payments decreasing by $3.5 million, or 9.2%, from August 2025 and all other Individual Income Tax categories experiencing a combined decrease of $1.4 million.

Sales and Use Tax also saw a significant increase in gross collections for the month of August, totaling roughly $1.79 billion and marking a $129 million, or 7.8%, increase over FY 2026. Net Sales and Use Tax also saw an increase of $44.6 million, or 5.4%, compared to August 2025.

More on Rezul News

• P-Wave Press Announces Pushing the Wave 2025 by L.A. Davenport
• DONGSHENG Titanium Recycling: Promoting a Closed-Loop Cycle for High-End Titanium Materials
• Rural California Energy Consultancy Unlocks Remote Sites for Vacation Rentals and ADUs
• Apple Valley Home Sales Rise 22.0% as Active Listings Fall 20.2%
• French Camp Academy Releases New Video Inviting Individuals to Consider a Life of Service

The adjusted Sales Tax distribution to local governments also saw a notable increase of $81.9 million, or 9.9%, over last year while Sales Tax refunds increased by $2.4 million, or 29%.

On the other hand, Corporate Income Tax collections for August totaled only $18.4 million - a decrease of $21.4 million, or 53.8%, from FY 2026. This decrease can be attributed to a $27.6 million, or 153.2%, increase in Corporate Income Tax refunds issued (net of voids).

However, there were also some increases within this category, with Corporate Income Tax Return payments increasing by $1.7 million, or 13.9%, from August 2025 and all other Corporate Income Tax payments experiencing a combined increase of $4.5 million.

Motor Fuel Taxes saw a decrease of $6.6 million, or 3.3%, from August 2025, while Motor Vehicle Tag & Title Fee collections saw an increase of $8.3 million, or 27.4%. Title Ad Valorem Tax (TAVT) collections, however, decreased by $0.8 million, or 1.2%, compared to the previous fiscal year.

Overall, these tax collections indicate a positive trend for the State of Georgia's economy and financial stability for the month of August. The Department of Revenue will continue to monitor and report on these numbers as the fiscal year progresses.

---

Show All News | Disclaimer | Report Violation