by Ty Tagami | Capitol Beat News Service
ATLANTA – Georgia’s net tax collections rose by 6.9% last month compared to October of last year, accelerating ahead of percentage gains the prior two months, according to new state figures reported Friday.
October net collections exceeded $2.7 billion. That was less than the nearly $3.3 billion in September, but it was more than the $2.5 billion in October 2024, according to the numbers from the Georgia Department of Revenue.
The October year-over-year increase beat September’s 1.9% gain.
October individual income tax collections of more than $1.3 billion were up 6.3%, or nearly $79 million, over the same month in 2024 as tax refunds rose 4.2% and withholding payments fell 0.6%.
Corporate income tax collections fell 12.2%, bringing in $8.5 million less than in October last year.
Motor fuel taxes gained 8% for an extra $14.2 million, and tag and title fees rose 26.6%, for $8.6 million.
The title ad valorem tax rose 11.8%, raising an extra $7.9 million compared to a year ago.
