Georgia sees its net tax collections decrease in December

(The Center Square) — Georgia’s net tax collections in December decreased by 5% from a year ago.

Collections surpassed $3 billion, down $159.1 million from December 2022, when net tax collections exceeded $3.2 billion. However, so far this fiscal year, the state’s net tax revenue has increased by 1.6% or $253 million, totaling roughly $16.1 billion.

Georgia officials said collecting the state’s motor fuel excise tax primarily drove the increase. While December motor fuel tax collections increased by $11.9 million over a year ago, without motor fuel tax collections, revenues for the last six months of 2023 decreased by 2.5% from 2022.

Meanwhile, a Georgia public policy group, citing the latest edition of the Institute on Taxation and Economic Policy’s “Who Pays?,” a “distributional analysis” of tax systems nationwide, said recent changes to the Peach State’s tax code make it “more regressive.”

“As Georgia shifts to a flat income tax in 2024
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