Georgia tax revenue grows in November despite drops in income tax collections

Georgia tax collections rose by 2.3% last month compared with November of last year, the state Department of Revenue reported Wednesday.

The revenue agency brought in $2.38 billion in November, an increase of $52.9 million over the same month last year.

Despite the overall increase, individual income tax receipts fell by 8.3% last month, driven in part by an extension of the income tax filing and payment deadline from April of next year until May 1 because of Hurricane Helene.

Net sales taxes, on the other hand, rose by a healthy 5.9% in November.

Corporate income tax collections declined by 30.6% last month, resulting from a 25.7% drop in tax payments coupled with a 7.5% increase in refunds the revenue department issued.