by Dave Williams | Capitol Beat News Service
ATLANTA – Georgia tax collections fell by 3.4% last month compared to October of last year.
The state Department of Revenue brought in $2.53 billion last month, down $89.7 million from the same month a year ago.
The decline was due in part to an extension of the state income tax and filing deadline announced Oct. 3 because of disruptions caused by Hurricane Helene. Return and payment deadlines for both individual and corporate income taxes from that date through next April have been extended until May 1.
Individual income tax revenue declined by 8.7% in October, mostly due to a sharp drop in tax return payments of 36.5%.
Net sales tax receipts also were down, but only by 1%.
Corporate income taxes fell last month by 47.4%, with payments down and refunds up.
