Georgia’s net tax collections in April approached $3.73 billion, for a decrease of $230.4 million, or 5.8%, compared to FY 2024, when net tax collections totaled $3.96 billion for the month.
Individual and corporate income tax collections were impacted by the hurricane-related extension of filing and payment deadlines to May 1. Early May individual and corporate return payments have significantly exceeded those received during the same period in May 2024, indicating a large number of filers took advantage of the extended filing deadline.
Year-to-date, net tax revenue totaled $27.77 billion for an increase of $312.2 million that was driven largely by the collection of the state’s motor fuel excise tax, which was suspended by Executive Order for a period of two and a half months during FY 2024.