GaCapitol.jpg

ATLANTA — There’s good news and bad news in the monthly state revenues report.

The Georgia Department of Revenue collected $2.16 billion in taxes last month, a decrease of $81.3 million – or 3.6% from September of last year.

However, the first-quarter numbers tell a different story. The state brought in nearly $6.2 billion in net tax revenue during July, August and September, the first quarter of fiscal 2021, a 6.3% increase over the first quarter of the last fiscal year.

Coupled with two straight months of positive revenue numbers reported in July and August, the overall first-quarter results show Georgia’s economy is recovering after three straight months of revenue losses at the height of the coronavirus pandemic-driven business lockdown.

The main driver behind September’s revenue decrease was a loss in net sales tax collections, which fell 37.3% compared to September of last year.

Individual incomes taxes, on the other hand, were up 11.2%, resulting from a combination of an increase in payments and a decrease in refunds.

Corporate income tax collections rose 4% in September compared to the same month in 2019.

Motor fuel taxes fell slightly, 0.7%, with Georgians still driving less during the pandemic.

Support Local Journalism

Now, more than ever, residents need trustworthy reporting—but good journalism isn’t free. Please support us by purchasing a digital subscription. Your subscription will allow you unlimited access to important local news stories. Our mission is to keep our community informed and we appreciate your support.

Recommended for you

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.