(The Center Square) – Georgia’s net sales and use tax collections were up $62.2 million in August, when compared to the same time period last year, an 8.2% increase, according to Gov. Brian Kemp’s office.
The report released Tuesday shows the jump in sales and use tax collections was the largest percentage-wise of any collections, spurring an overall increase in collections of $74.1 million, or 3.2%, when compared to August 2024.
Income tax collections rose by $20.2 million, or 1.8%, according to the governor’s office. Tax refunds given to Georgians were down by $7 million, while income tax withholding payments grew by $9.3 million. Income tax return payments were up by $9.7 million, according to the report.
Motor fuel taxes were up in August by $6.3 million. However, motor vehicle tag, tax and title fees dropped by $4.7 million. Title and ad valorem taxes were down $2.4 million, according to the report.
The state also had an August drop in corporate tax collection of $4.5 million, the report said.
Corporate income tax refunds (net of voids) were $9.1 million less than in August 2024, a decrease of 33.6%. Tax payments from corporations were down $7.5 million and all other corporate tax payments dropped by a combined $6.1 million, according to the report.
