Popular on TelAve
- Nextlink Internet Deploys netElastic to Modernize Its Hybrid Broadband Network - 179
- AeroNet Deploys netElastic vBNG and CGNAT with Tarana Wireless to Deliver Scalable, Fiber-Class Broadband Across Puerto Rico - 149
- One in three Americans may have lost track of retirement savings from a previous job - 122
- Commercial Manufacturing Validation Completed as November 10 FDA Milestone Approaches; Critical FDA Milestone Close: NRx Pharmaceuticals NAS DAQ: NRXP - 120
- 1569531 B.C. LTD. dba ELEOLUXE Connects Renovation Design and Project Coordination - 104
- Looop Officially Launches a Safety Notifications App for Families Who Care From a Distance
- AI Agents Are Getting Their Own Computers. HRTech Leading in Vertical Harness Development
- AI Voice Agents Are Now Calling AI Receptionists, NextPhone 2026 Call Report Finds
- RAS AP Consulting Advances 1099 Education and Readiness Initiative Through IFOL Training and Finance Technology Showcase
- Air Force Veteran Sean Douglas Delivers Powerful Suicide Prevention Presentations to Hundreds of Marines at Camp Pendleton
Similar on TelAve
- Contracting Resources Group Receives 2026 HIRE Vets Platinum Medallion Award
- Integris Composites Joins International Sea Power Conference Aboard HMS Prince of Wales
- Contracting Resources Group Named a 2027 Elev8 GovCon Honoree by OrangeSlices
- The 4th Annual Newark Summit for Economic Development, Placemaking & Innovation Returns on December 8th
- Cleveland Factory Worker Seeks Funding for AI-Readable Archive Exploring Advanced AI Restraint and Human Survival
- Miami Dade College and World Affairs Council of Miami announce Navarro-Cabrera scholarship
- Atlanta Company Launches Free, Ad-Free, Nonpartisan Voter Planning App for All 50 States Ahead of the Nov. 3 Election
- Political Concerns Drive US Investors to Golden Visas
- Tek84 Unveils New Brand Identity Built to Magnify What Security Officers Can Do
- Patton AI Launches Patton Hive 4.5: Wartime Breakthroughs for Drones and Robots When GPS Goes Dark
Georgia: Gov. Kemp: October Tax Revenues Up 0.2%
TelAve News/10911924
ATLANTA ~ Georgia collected about $2.71 billion in net taxes in October, up $6.7 million, or 0.2%, from October 2025, according to figures released by the state.
Net tax collections for the first four months of the fiscal year reached $11.13 billion, an increase of $247 million, or 2.3%, from the same period a year earlier, the state said.
Individual income tax collections fell by $115.1 million, or 8.6%, to $1.22 billion. The state attributed the decline to lower withholding payments, which were down $106.6 million, as well as decreases in individual tax return payments and other categories. Refunds issued also declined by $18.1 million.
The drop was offset in part by higher sales and use tax collections. Gross collections rose by $135.3 million, or 8.5%, while net sales tax revenue increased by $52.7 million, or 6.7%, the state reported. The adjusted distribution of sales tax revenue to local governments was $883.3 million, up $86.2 million from a year earlier. Sales tax refunds fell by $3.5 million.
More on TelAve News
Corporate income tax collections increased by $29.7 million, or 48.7%, compared with October 2025. The state said the increase reflected a $38.7 million decline in refunds, partly offset by an $18.4 million decrease in estimated payments. Other corporate tax payments rose by $9.4 million.
Motor fuel tax collections fell by $8.3 million, or 4.3%. The state said the decline was partly related to Gov. Brian Kemp's executive order suspending the motor fuel tax, which took effect Sept. 28, 2026.
Motor vehicle tag and title fee collections decreased by $4.7 million, or 11.5%, while title ad valorem tax collections rose by $2.1 million, or 2.9%, the state said.
Net tax collections for the first four months of the fiscal year reached $11.13 billion, an increase of $247 million, or 2.3%, from the same period a year earlier, the state said.
Individual income tax collections fell by $115.1 million, or 8.6%, to $1.22 billion. The state attributed the decline to lower withholding payments, which were down $106.6 million, as well as decreases in individual tax return payments and other categories. Refunds issued also declined by $18.1 million.
The drop was offset in part by higher sales and use tax collections. Gross collections rose by $135.3 million, or 8.5%, while net sales tax revenue increased by $52.7 million, or 6.7%, the state reported. The adjusted distribution of sales tax revenue to local governments was $883.3 million, up $86.2 million from a year earlier. Sales tax refunds fell by $3.5 million.
More on TelAve News
- Security Planning Tips For Your Holiday Event From Access Patrol Services
- Contracting Resources Group Receives 2026 HIRE Vets Platinum Medallion Award
- Business News & Info Goes Inside Paragon FX Group's Hunt for Original Film Props
- Kitchen Table Economics: An Invitation to Think Differently
- Win a $5,000 VIP Family Experience at the 100th Thanksgiving Day Parade in New York City
Corporate income tax collections increased by $29.7 million, or 48.7%, compared with October 2025. The state said the increase reflected a $38.7 million decline in refunds, partly offset by an $18.4 million decrease in estimated payments. Other corporate tax payments rose by $9.4 million.
Motor fuel tax collections fell by $8.3 million, or 4.3%. The state said the decline was partly related to Gov. Brian Kemp's executive order suspending the motor fuel tax, which took effect Sept. 28, 2026.
Motor vehicle tag and title fee collections decreased by $4.7 million, or 11.5%, while title ad valorem tax collections rose by $2.1 million, or 2.9%, the state said.
0 Comments
Latest on TelAve News
- Integris Composites Joins International Sea Power Conference Aboard HMS Prince of Wales
- Commercial Sales Launch Following FDA Approval; National Sales Force Now in Action as January Shipments and Major Market Opportunity Take Shape
- Cellhire strengthens IoT team with two new appointments as demand grows
- ViewDNS.info Launches Monitors, Alerting Teams the Moment Something Changes on Their Domains
- The Photos You Forgot to AirDrop: New Free App Collects Holiday Pictures After Everyone Goes Home
- Philadelphia-Area Entrepreneur Nouho M Kanneh Builds $37 Million Net Worth Across Real Estate, E-Commerce and Retail
- Contracting Resources Group Named a 2027 Elev8 GovCon Honoree by OrangeSlices
- SLYNUMBER Gives Consumers More Confidence in Financial Texts with Verified Origination
- The World's No.1 Superstar® Brings Christmas Back in Grand Style with Music, Cinematic Glamour, and Luxury Fashion
- New Six-Figure Media Agreement Builds Powerful Momentum, Expanding Government Contracts, FBI Access and Growing AI Recognition: Cyabra (NAS DAQ: CYAB)
- Christmas Beats Summer in Paris: Travel Photoshoots Peak on Dec. 30
- Qscription Technologies Welcomes Joanna Krause, MD, MRMD to Its Clinical Advisory Board
- Jamie Foxx's SKVLK Fest Sets the Record Straight on Stabbing Reports Following Star-Studded Celebration
- Andrew Balzano Releases One of My Life's Passions: Classics and Mysteries, a Fan's Guide to Great Mysteries Worth Rewatching
- The 4th Annual Newark Summit for Economic Development, Placemaking & Innovation Returns on December 8th
- Romanian Software Company ASSIST Software Ranks Second Nationally Among Large Enterprises in Its Category
- HIRO Ostomy Belt Launch by Richard O'Hamill
- New Omega-3 Fish Oil Under NIH Investigation: What Makes It Different From EPA and DHA?
- Technical Brief Examines Enterprise Integration Challenges as AI Agent Platforms Expand
- OncoBeta Introduces Rhenium-SCT for Non-Melanoma Skin Cancer at Theageneio Cancer Hospital of Thessaloniki