Georgia tax collections continued strong last month, the state Department of Revenue reported.

The state agency brought in nearly $2.71 billion in October, an increase of $230.2 million, or 9.3%, compared to October of last year.

Since the start of fiscal 2023 in July, tax revenues are up 7.8% over the first four months of the last fiscal year.

Individual income taxes rose 18.4%, spurred by a 29.4% increase in tax return payments. Net sales tax receipts were up 16.6% over October 2021.

Corporate income tax collections rose by 12%, driven in large part by a 59.3% decline in tax refunds issued.

Once again, revenues from the state tax on gasoline and other motor fuels were virtually non-existent – down 99% – with the temporary suspension of the tax still in effect.

Georgia tax revenues have been on the rise for more than a year, as the state built a record $6.6 billion budget surplus coming out of the coronavirus pandemic.