The State of Georgia’s net tax revenue collections in March reached $2. 5 billion, marking an increase of $163. 3 million, or 7 percent, from March 2024, which had nearly $2. 34 billion. For the year-to-date, collections totaled almost $24. 04 billion, rising by $543. 1 million, mainly due to the motor fuel excise tax, which was suspended for over two months during FY 2024. When adjusting for changes in the motor fuel tax, the year-to-date collections as of March 31 were up $82. 8 million, or 0. 4 percent.

The following tax categories contributed to March’s overall net tax revenue increase:

Individual Income Tax collections totaled $1. 13 billion, an increase of $131. 3 million, or 13. 2 percent, compared to last year, which had $998. 3 million. Notable components of this increase include a $67. 3 million rise in Individual Income Tax refunds, a $149. 7 million increase in Income Tax Withholding payments, and a $27. 2 million rise in Individual Income Tax Return payments.

Sales and Use Tax gross collections for March were $1. 44 billion, up by $18. 2 million, or 1. 3 percent, from FY 2024. Net Sales and Use Tax increased by $61. 2 million, or 9. 7 percent. Adjusted Sales Tax distribution to local governments was nearly $728 million, showing a decrease of $2. 8 million.

Corporate Income Tax collections decreased by $29. 7 million, or 8. 3 percent, compared to March 2024, with reduced refunds and decreased Corporate Income Tax Return payments noted.

Motor Fuel Tax collections decreased by $2. 1 million, or 1. 2 percent, while Motor Vehicle Tag and Title Fee collections increased by $7. 8 million, or 25. 5 percent.