State revenues up in July

Georgia’s net tax collections for the first month of FY 2025 totaled $2.56 billion, an increase of 2.7 percent over July 2023 (FY 2024), when net tax collections totaled almost $2.50 billion.

The growth was driven by a 4.8 percent increase in net sales tax collections and a 28.4 percent increase in corporate income tax receipts, according to a report released Tuesday by the state Revenue Department.