Georgia net tax revenue rises 2.7% in July, though income tax fell $5.2 million

The office of Georgia Gov. Brian Kemp announced Tuesday that the state’s net tax collections rose to $2.56 billion in July.

According to the state, the first month of the 2025 fiscal year saw a 2.7% increase in net revenue, $66.3 million more than the July before.

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State officials highlighted the following changes in tax collections.

Increases

• Sales and use taxes totaled $1.6 billion in July, a 4.5% increase
• Corporate income taxes totaled $123.9 million, a 28.4% increase
• Motor fuel taxes rose 4.5% to $183.1 million in July
• Motor vehicle tag and title fees rose 12.7%
• Individual income taxes refunds increased $3.8 million, or by 3.6%
• Individual income tax estimated payments rose 23.3%, or by $3.9 million
• All other individual income taxes were up $7.4 million

Decreases

• Individual income withholding payments decreased 1%, or $12.7 million
• Corporate income taxes refunds fell 110.1%, or $23.2 million less than the year before
• Corporate income estimated payments rose 17%, by $10.5 million
• All other corporate taxes fell $6.3 million
• Title ad Valorem taxes fell 8.7% on cars, a $6.4 million decrease

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