The latest financial figures from the state of Georgia reveal a dip in April's net tax revenues, which saw a 5.8% decrease from the same month last year. The total revenue for April 2025 was approximately $3.73 billion compared to $3.96 billion in FY 2024, this shortfall largely the result of extended income tax filing and payment deadlines due to hurricane relief efforts, according to a recent release from Governor Kemp's office.
The Governor's office reported that, despite a decrease in April, net tax revenues have begun to bounce back in early May, as individuals and corporations take advantage of the extended deadlines to May 1, with a notable uptick in payments when compared to the previous year year-over-year, the net tax revenue collections were adjusted to be down by 0.6% after accounting for the suspension of the state's motor fuel excise tax for a portion of FY 2024.
Diving into the specifics, individual income tax collections totaled $1.91 billion in April 2025, a 2.8% decrease from last year, attributed to several factors including a decrease of $115.1 million, or 14.1%, in individual income tax refunds issued, as communicated by the Governor's office. Additional declines were seen with individual withholding payments dropping by $35.9 million, and individual income tax return payments declining by $102.3 million from FY 2024.
Contrastingly, April's gross sales and use tax collections increased by 4.5%, bringing in almost $1.65 billion which was helped by an increase in Net Sales and Use Tax by $40.5 million or 5.1% compared to last year, with the adjusted Sales Tax distribution to local governments reaching $798.8 million and a decrease in Sales Tax refunds by $3.9 million, or 25.7%, this according to the same release. The Corporate Income Tax, however, took a hit with a collection decrease of 27.8%, amounting to $540.2 million.
The report also noted an uptick in motor fuel tax collections, up 3.4%, and a rise in motor vehicle tag and title fees, which rose by 7.4%. Title Ad Valorem Tax (TAVT) collections went up by 4.7% over the previous year, showcasing a mixed fiscal landscape for the state amid extended tax deadlines and the impact of natural disasters on fiscal policies and tax collection efforts from the information provided by Kemp's administration.
