Georgia’s net tax collections during October totaled $2.53 billion, down 3.4 percent, compared to October last year when net they totaled $2.62 billion for the month. Year to date, collections totaled almost $10.64 billion, for a decrease of $61.1 million, or 0.6 percent, compared to October 2023 when net tax collections totaled $10.7 billion.
Year-to-year comparisons were affected by the 2023 motor fuel tax suspension. Net of motor fuel tax changes, revenues for the month of October were down 7.7 percent from the same month a year ago while year-to-date collections were down 1.9 percent.
Net collections were also negatively impacted by the hurricane-related income tax filing and payment deadline extensions announced on October 3. Return and payment deadlines for both individual and corporate income taxes, from that date through April 2025, were extended to May 1, 2025, likely reducing collections of both individual and corporate income taxes except for payroll withholding collections