Georgia Governor Brian Kemp’s office announced Tuesday that the state’s net tax revenue increased to $2.56 billion in July.

According to the state, net sales increased 2.7% in the first month of fiscal year 2025, up $66.3 million from the previous July.

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State officials highlighted the following changes in tax collection.

Increases

• Sales and excise taxes totaled $1.6 billion in July, an increase of 4.5%

• Corporate taxes amounted to $123.9 million, an increase of 28.4%

• Fuel taxes rose 4.5% to $183.1 million in July

• Fees for vehicle registration plates and vehicle registration documents increased by 12.7%

• Income tax refunds increased by $3.8 million, or 3.6%

• Estimated income tax payments increased by 23.3% or $3.9 million

• All other income taxes increased by $7.4 million

Reduced

• Payroll tax withholding payments decreased by 1%, or $12.7 million.

• Corporate tax refunds fell 110.1 percent, or $23.2 million, from the previous year

• Estimated corporate profit payments increased by 17%, or $10.5 million

• All other corporate taxes decreased by $6.3 million

• Ad valorem taxes on cars decreased 8.7%, a decrease of $6.4 million

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