April 2024 Net Tax Revenues Down 5.4% in Georgia

A press release issued today by Gov. Brian Kemp’s office states that Georgia’s net tax collections for April 2024 totaled $3.96 billion, a decrease of $225.7 million (-5.4%) from April 2023. Net tax revenues for the fiscal year totaled $27.45 billion, a decrease of $341.3 million (-1.2%) from last year.

The following is a breakdown of the April 2024 revenues in comparison to April 2023:

DescriptionAmount CollectedChange From April 2023% Change
Individual income taxes$1.97 billion-$171.3 million-8.0%
Gross Sales & Use Tax$1.58 billion-$6.2 million
-0.4%
Net Sales & Use Tax$798.8 million-$24.6 million-3.0%
Corporate income taxes$748.1 million$3.7 million0.5%
Motor Fuel Taxes$195.46 million$3.1 million1.6%
Tag and Title Fees$37.68 million$3.2 million9.3%
Title Ad Valorem Tax$73.07 million-$6.15 million-7.8%

A full copy of the report:

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