Gov. Kemp: August Net Tax Revenues Up 3.5%

ATLANTA – The State of Georgia’s net tax collections for the month of August approached $2.50 billion, for an increase of $85.4 million, or 3.5%, from August 2025 (FY 2026), when net tax collections totaled $2.41 billion.

The changes within the following tax categories account for August’s overall net tax revenue increase:

Individual Income Tax: Individual Income Tax collections for the month approached $1.20 billion, representing an increase of $40 million, or 3.5%, from roughly $1.16 billion in August 2025 (FY 2026).

The following notable components within Individual Income Tax combine for the net increase:

• Individual Income Tax refunds issued (net of void checks) increased by $4.3 million or 6.7%.
• Income Tax Withholding payments for August increased by $49.3 million, or 4.4%, from FY 2026.
• Individual Income Tax Return payments decreased by $3.5 million, or 9.2%, from August 2025.
• All other Individual Income Tax categories, including estimated payments, were down a combined $1.4 million.

Sales and Use Tax: Gross Sales and Use Tax collections in August totaled roughly $1.79 billion, for an increase of $129 million, or 7.8%, over FY 2026.  Net Sales and Use Tax increased $44.6 million, or 5.4%, compared to August 2025, when net Sales Tax revenue totaled nearly $821.8 million. The adjusted Sales Tax distribution to local governments totaled $911.9 million for an increase of $81.9 million, or 9.9%, over last year, while Sales Tax refunds increased by $2.4 million, or 29%, compared to August FY 2026.

Corporate Income Tax: Corporate Income Tax collections for August totaled $18.4 million, a decrease of $21.4 million, or 53.8%, from FY 2026 when net Corporate Tax revenues totaled $39.8 million.

The following notable components within Corporate Income Tax make up the net decrease:

• Corporate Income Tax refunds issued (net of voids) were up $27.6 million, or 153.2%, over FY 2026.
• Corporate Income Tax Return payments increased by $1.7 million, or 13.9%, from August 2025 (FY 2026).
• All other Corporate Income Tax payments, including estimated payments, were up a combined $4.5 million.

Motor Fuel Taxes: Motor Fuel Tax collections for the month decreased by $6.6 million, or 3.3%, from August 2025, when Motor Fuel tax collections totaled $199.5 million.

Motor Vehicle - Tag & Title Fees: Motor Vehicle Tag & Title Fee collections for August increased by $8.3 million, or 27.4%, while Title Ad Valorem Tax (TAVT) collections decreased by $0.8 million, or 1.2%, compared to the previous fiscal year 2026