News Story

The State of Georgia’s net tax collections in the month of January totaled slightly more than $3.05 billion, for an increase of roughly $2 million, or 0.1%, compared to January 2024, when net tax collections totaled just shy of $3.05 billion for the month_._ Year-to-date, net tax revenue collections totaled nearly $19.41 billion, for an increase of $285.1 million that was driven chiefly by the collection of the state’s motor fuel excise tax, which was suspended by Executive Order for a two and a half month period of FY 2024. Adjusting for the motor fuel tax changes, year-to-date net tax revenue collections for the period-ending January 31 were down $173.1 million or 0.9%.