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June Net Tax Revenues Up 6.5%; Adjusted YTD Down 3.4%
View allJuly 12, 2024
News
Atlanta, GA – The State of Georgia’s net tax collections in June approached a total of $3.03 billion, for an increase of $185.4 million or 6.5 percent compared to FY 2023, when net tax collections totaled $2.84 billion for the month.
Year-to-date, net tax revenue totaled almost $32.95 billion, for a decrease of $182.2 million or 0.5 percent compared to FY 2023, during which the state’s motor fuel excise tax was suspended for more than half the fiscal year, until January 10, 2023. Net of motor fuel tax changes, net revenues for the year-ended June 30 were down 3.4 percent from fiscal year 2023.
