Georgia June Tax Collections Down, But Fiscal Year Ends Slightly Ahead

Georgia’s net tax collections fell in June, but the state still ended Fiscal Year 2026 slightly ahead of the previous year.

According to the Governor’s Office, June net tax revenue totaled nearly $2.95 billion, down $215.1 million, or 6.8 percent, compared to June of last year. However, year-to-date collections through June 30 totaled $33.75 billion, an increase of $129.5 million, or 0.4 percent, over Fiscal Year 2025.

State officials say the monthly comparison was heavily affected by Georgia’s motor fuel excise tax suspension, which began March 20 and remained in effect until June 3. Without the motor fuel tax impact, June revenues were down only 0.6 percent, while full-year collections were up nearly 1.6 percent.

Individual income tax collections were down 6.7 percent in June, while sales tax collections increased 6.8 percent and corporate income tax collections rose 7 percent. Motor fuel tax collections dropped 98.5 percent, reflecting the temporary suspension ordered by Governor Brian Kemp.

Motor vehicle tag and title fees and title ad valorem tax collections were also down compared to June 2025.

Georgia Net Tax Collections Dip Slightly in February, Remain Up for Fiscal Year

Georgia’s net tax collections totaled $2.12 billion in February, a slight decrease of 0.1% compared to February of last year.

Even with that small monthly decline, the state remains ahead overall for the fiscal year. Through the first eight months of the budget year, Georgia has collected about $21.88 billion, an increase of 1.6% over the same period a year ago.

The biggest drop in February came from individual income tax collections, which fell 4.1%. Higher tax refunds were a major factor in that decline, even as withholding payments showed a slight increase.

At the same time, sales tax collections moved higher, providing one of the brighter spots in the report. Motor fuel tax revenues also increased from the same month last year.

Meanwhile, corporate income tax collections posted a sharp decline for the month. The state also reported smaller decreases in motor vehicle tag, title and fee collections.

Despite the mixed results in February, Georgia’s overall revenue picture remains positive for the year so far, with collections continuing to run ahead of last fiscal year’s pace.

 

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