Georgia Governor Brian Kemp announced this week that the state’s net tax collections for February reached nearly $2.13 billion, marking a $94.2 million (4.6%) increase compared to February of last year. However, the overall picture is more nuanced. Year-to-date collections totaled $21.53 billion, showing a rise of $379.2 million. This increase is largely attributed to the temporary suspension of the motor fuel excise tax in Fiscal Year 2024. When adjusted for these motor fuel tax changes, year-to-date collections actually decreased by $82.7 million, or 0.4%. The individual income tax saw significant growth this month, increasing by $130.5 million (14.9%) to reach approximately $1.01 billion. This surge was driven by a decrease in refunds issued and an increase in withholding payments. Sales and use tax collections also experienced growth, rising by $34.4 million (2.4%). However, net collections saw a decrease. On the other hand, corporate income tax experienced a decline, dropping by $14.4 million (16.2%). This decrease was attributed to lower estimated payments. While motor fuel taxes showed a slight increase, motor vehicle fees fell by $0.7 million. The mixed results highlight the impact of the temporary fuel tax suspension on Georgia’s revenue stream and underscore the importance of monitoring these trends in the coming months.