Georgia’s net tax collections rose by 3.2% last month compared to August of last year, the state Department of Revenue reported Tuesday.
The agency brought in $2.41 billion in tax revenue in August, an increase of nearly $74.1 million over the same month a year ago.
Individual income tax receipts were up by 1.8% during the month, driven largely by a 9.7% decrease in tax refunds issued. Tax payments in August were up slightly by 0.8%.
Net sales tax collections also rose in August, by 8.2%. On the down side, corporate income taxes – a much less significant factor in overall tax revenues – fell by $4.5 million to $39.8 million compared to August of last year, representing an 11% decrease.
Collections of gasoline and other motor fuels taxes rose by $6.3 million last month, representing a 3