Gov. Brian Kemp announced today that Georgia’s September net tax collections totaled roughly $2.16 billion, for a decrease of $81.3 million, or -3.6 percent, compared to September 2019, when net tax collections approached $2.25 billion for the month.  Year-to-date, net tax revenue collections totaled nearly $6.20 billion during the first quarter, for an increase of $365 million, or 6.3 percent, compared to the same period last year (FY 2020).

The changes within the following tax categories account for September’s overall net tax revenue decrease:
 
Individual Income Tax:  Individual Income Tax collections during the month totaled almost $1.26 billion, up from $1.13 billion in September FY 2020, for an increase of nearly $126.4 million, or 11.2 percent.

The following notable components within Individual Income Tax combine for the net increase:

  • Individual Income Tax refunds issued (net of voided checks) were down nearly $9.2 million, or -9.4 percent
  • Individual Income Tax Withholding payments increased by $103.4 million, or 11.2 percent, over FY 2020
  • Individual Income Tax Estimated payments decreased by roughly $20 million, or -9.5 percent, from last year
  • All other Individual Tax categories, including Non-Resident Return payments, were up a combined $33.8 million

Sales and Use Tax:  Gross Sales and Use Tax collections for September increased by $43.8 million, or 4.2 percent, over last year’s total of roughly $1.05 billion.  Net Sales and Use Tax totaled just $319.2 million for the month, which was a decrease of $189.6 million, or -37.3 percent, compared to last year.  Conversely, the adjusted Sales Tax distribution to local governments totaled $768.3 million, for an increase of $240 million, or 45.4 percent, over last year due to a one-time adjustment resulting from the culmination of a series of audits undertaken by the DOR to assist taxpayers in taking corrective action to re-state their previously incorrect Sales Tax allocations for the period of time under review.  Lastly, Sales Tax refunds decreased by $6.6 million, or -39.3 percent, from September 2019.

Corporate Income Tax:  Corporate Income Tax collections increased by $10.1 million, or 4 percent, from a total of $254.8 million in September 2019 to the current year total of $264.9 million.

The following notable components within Corporate Income Tax make up the net increase:

  • Corporate Tax refunds issued (net of voided checks) declined by $12 million, or -48.4 percent, from last year
  • Corporate Income Tax Return payments increased by $12.9 million, or 120.1 percent, over FY 2020
  • All other Corporate Tax categories, including Estimated Tax payments, were down a combined $14.8 million

Motor Fuel Taxes:  Motor Fuel Tax collections for the month decreased by $1.1 million, or -0.7 percent compared to September 2019 when Motor Fuel Tax collections totaled $160.9 million.   

Motor Vehicle - Tag & Title Fees:  Motor Vehicle Tag & Title Fee collections increased by $1 million, or 3.6 percent, over last year, while Title ad Valorem Tax (TAVT) declined nearly $2 million, or -3.3 percent, from the previous fiscal year.

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