ATLANTA – Georgia tax collections rose by 2.4% last month compared to August of last year, largely driven by an increase in sales tax revenues.
The state Department of Revenue brought in nearly $2.34 billion in August, an increase of $54.3 million over the same month a year ago.
Individual incomes taxes declined by 9.1% in August, as payments fell by 10.1%.
However, net sales tax revenue increased by 14.7% compared to August 2023, offsetting the sluggish income tax receipts.
Corporate sales tax receipts also rose last month, as refunds declined by 52.7% and payments rose by 31.2%.
Two months into fiscal 2025, overall tax collections were up 2.5% over July and August of the last fiscal year.