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Georgia’s net tax collections up 30% in September

Net tax revenue in Georgia was $2.8 billion in September, representing a $655 million increase – or 30.3% – compared with September 2020, Gov. Brian Kemp’s office said.

Individual income tax collections for September totaled about $1.4 billion, representing an increase of about $166 million (13.2%) compared with last year. Individual income tax refunds decreased by $15 million (17%).

Net sales and use tax collection increased by $334.6 million (104.8%) compared with last year. The adjusted sales tax distribution to local governments was $768.3 million, a 16.9% decrease compared with fiscal year 2020.

Corporate income tax collections were $264.9 million for the month, representing about a $133.5 million increase (50.4%) compared with fiscal year 2021.

This article was originally posted on Georgia’s net tax collections up 30% in September

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