The State of Georgia reported net tax collections for January totaling $3.03 billion, a decrease of $18.1 million or 0.6% compared to the same month last year. In January 2025, net tax collections stood at $3.05 billion. For the fiscal year to date, net tax revenue through seven months reached about $19.75 billion, marking an increase of $345.6 million or 1.8% over the previous fiscal year.
The reduction in January’s overall net tax revenue was influenced by several factors across major tax categories.
Individual Income Tax collections were nearly $1.57 billion in January, down from roughly $1.59 billion a year earlier—a decline of $27.4 million or 1.7%. The components contributing to this included a rise in Individual Income Tax refunds issued by $25 million (44.1%), and a drop in Income Tax Withholding payments by $59.1 million (4.4%). However, Individual Income Tax Estimated payments increased by $37.9 million (18.4%), and other categories such as Tax Return payments saw a combined increase of $18.8 million.
Gross Sales and Use Tax collections approached $1.93 billion, representing an increase of $79.1 million or 4.3% compared to the previous fiscal year period. Net Sales and Use Tax rose by $36.3 million or 4%, while local governments received an adjusted distribution totaling $952.2 million—up by $21.8 million from last year’s figure—and Sales Tax refunds increased significantly by 348%.
Corporate Income Tax for the month totaled $122.8 million, down by $38.1 million or 23.7% from last year’s total of $160.9 million for January.
Within Corporate Income Taxes, refunds issued increased by $1.5 million (4.1%), estimated payments dropped by $27.5 million (26.7%), and return payments decreased by $10 million (24%). Other Corporate Tax payments—including S-Corporation payments—increased slightly by a combined amount of $0.9 million.
Motor Fuel Tax collections showed little change with an increase of just $0.3 million (0.2%) compared to January last year when these taxes totaled approximately $193.6 million.
In Motor Vehicle Tag & Title Fee categories, collections decreased by $3.8 million (10%), while Title ad Valorem Tax collections grew modestly by about 0 .2%.
Georgia’s state executive branch operates out of Atlanta at the Governor’s Mansion—a Greek Revival residence built in 1967 on an 18-acre property—which is used for official events and features Federal period art and furnishings, according to the official website https://gov.georgia.gov/. The executive branch leads Georgia’s government operations as part of its administration and has also maintained international representation offices since 1973 to support economic development initiatives abroad https://gov.georgia.gov/.
The Office of the Governor oversees these activities as part of its broader mandate to provide governance, public services, and regulatory oversight throughout Georgia https://gov.georgia.gov/.
