News Story

Atlanta, GA – The State of Georgia’s net tax collections for the first month of FY 2024 totaled nearly $2.50 billion, for an increase of $289.3 million, or 13.1 percent, over July 2022 when net tax collections totaled almost $2.21 billion. $179.5 million of this increase, or 62 percent, was the result of the reinstatement of the Motor Fuel Excise Tax. Governor Kemp suspended the tax from March 18, 2022, through January 11, 2023, to help hardworking Georgians fight through 40-year high inflation. Excluding Motor Fuel Tax revenues, all other July 2023 net tax collections increased 5.0 percent, or $110 million over July 2022.