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The State of Georgia’s net tax revenue collections in March totaled $2.5 billion, for an increase of $163.3 million, or 7 percent, compared to March 2024 when net tax collections totaled nearly $2.34 billion. Year-to-date, net tax revenue collections totaled almost $24.04 billion, for an increase of $543.1 million that was driven largely by the collection of the state’s motor fuel excise tax, which was suspended by Executive Order for a period of two and a half months during FY 2024. Adjusting for the year-over-year motor fuel tax changes, year-to-date net tax revenue collections for the period ending March 31 were up $82.8 million, or 0.4 percent.

The State of Georgia’s net tax collections in the month of February approached $2.13 billion, for an increase of $94.2 million, or 4.6%, compared to February 2024, when net tax collections totaled $2.03 billion for the month_._  Year-to-date, net tax revenue collections totaled $21.53 billion, for an increase of $379.2 million that was driven chiefly by the collection of the state’s motor fuel excise tax, which was suspended by Executive Order for a period of two and a half months during FY 2024.  Adjusting for the motor fuel tax changes, year-to-date net tax revenue collections for the period-ending February 28 were down $82.7 million, or 0.4%.

Governor Brian P. Kemp, joined by First Lady Marty Kemp, Lt. Governor Burt Jones, Speaker Jon Burns, House and Senate Appropriations Chairmen Tillery and Hatchett, constitutional officers, and members of the Georgia General Assembly, today signed the Amended Budget for Fiscal Year 2025.