The State of Georgia reported on Mar. 9 that its net tax collections for February totaled $2.12 billion, reflecting a decrease of $2.4 million, or 0.1%, compared to the same month last year when collections were nearly $2.13 billion. Year-to-date figures show net tax revenue collections reached approximately $21.88 billion over eight months, an increase of $343.2 million, or 1.6%, from fiscal year 2025.
This update is significant as it provides insight into the state’s financial health and informs budget planning for public services and infrastructure projects across Georgia.
Individual Income Tax collections for February amounted to $967.5 million, down by $41.9 million or 4.1% from the previous year. The decline was attributed to several factors: refunds issued increased by $50.2 million (12.5%), withholding payments rose by $10.8 million (0.8%), return payments decreased by $0.6 million (1.4%), and other categories such as estimated payments dropped by a combined $1.9 million.
Sales and Use Tax collections showed growth, with gross receipts totaling $1.49 billion—an increase of $42.5 million (2.9%) over last year—and net Sales and Use Tax up by $44.6 million (6.5%). Local governments received an adjusted distribution of $757.5 million, up by $5.2 million (0.7%), while sales tax refunds declined by $7.3 million.
Corporate Income Tax saw a decrease of almost $17 million (22.8%) compared to last year’s figures, with corporate tax refunds down by $5.8 million (27.4%), return payments declining by $17.8 million (53.6%), and other corporate payments dropping a combined total of $5 million.
Motor Fuel Taxes increased by $6.2 million (3.5%) from last February’s total of $180.4 million, while Motor Vehicle Tag & Title Fee collections fell nearly half a million dollars (1.l%) and Title ad Valorem Tax dropped by $2.lmillion (3%).
According to the official website, the Georgia State Executive operates within Atlanta at the Governor’s Mansion—a Greek Revival-style residence built in 1967 on an 18-acre property—and leads state government as part of the executive branch according to the official website. The office also established a representation office in Japan in 1973 to support international economic development according to the official website.
The Government of Georgia provides governance, public services, and regulatory oversight for residents throughout the state as outlined on the official website.
