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The State of Georgia’s net tax collections for the first month of FY 2026 totaled $2.49 billion, for a decrease of $70.1 million, or 2.7%, from July 2024 (FY 2025), when net tax collections totaled roughly $2.56 billion, in part reflecting the 20 basis point (3.7%) reduction in individual and corporate tax rates compared to the year-ago period.

The State of Georgia’s net tax collections in June totaled roughly $3.15 billion for an increase of $124.3 million, or 4.1 percent, compared to FY 2024 when net tax collections approached $3.03 billion for the month.

The State of Georgia’s net tax collections in May totaled $2.69 billion, for an increase of $224 million, or 9.1%, compared to FY 2024, when net tax collections approached $2.47 billion for the month_._ As a result of the hurricane-related tax filing deadline extension granted by Governor Kemp to file tax year 2024 income tax returns, a large number of filers took advantage of the extension by remitting payments at the May 1 deadline, leading to a significant portion of both individual and corporate return payments being captured in the May reporting cycle.