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News about income tax collections:

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    The State of Georgia’s net tax collections during the first month of FY 2023 totaled nearly $2.21 billion for an increase of $54.2 million, or 2.5 percent, over July 2021 (FY 22), when net tax collections approached $2.16 billion. The changes within the following tax categories...
    According the Georgia Department of Revenue, the state’s June net tax collections totaled $2.85 billion for an increase of $354.2 million, or 14.2 percent, compared to June 2021 period, when net tax collections totaled $2.50 billion as of June 30, 2021.  For the year-ended...
    In the three months since a state economic and revenue forecast revealed the largest surplus in Minnesota state history, tax collections have continued to come in higher than predicted. While it isn’t available for spending until it shows up in the next official state forecast in November, monthly tax collections are up $1.3 billion since...
    The State of Georgia’s net tax collections for May totaled almost $2.70 billion, for an increase of $41.8 million, or 1.6 percent, compared to May 2021, when net tax collections approached $2.66 billion. Year-to-date, net tax collections totaled nearly $30.24 billion, for an increase of $5.84...
    The State of Georgia’s net tax collections for April totaled $5.01 billion, for an increase of $2.21 billion, or 78.9 percent, compared to April 2021, when net tax collections totaled $2.80 billion. Year-to-date, net tax collections totaled almost $27.54 billion, for an increase of nearly $5.80...
    The State of Georgia’s net tax collections for March totaled $2.76 billion, for an increase of $862.9 million, or 45.5 percent, compared to March 2021, when net tax collections approached $1.90 billion. Year-to-date, net tax collections totaled $22.52 billion, for an increase of nearly $3.59...
    The State of Georgia’s net tax collections for February totaled over $1.95 billion, for an increase of $19.8 million, or 1 percent, compared to February 2021, when net tax collections totaled roughly $1.93 billion. Year-to-date, net tax collections totaled nearly $19.76 billion, for an increase...
    The State of Georgia’s net tax collections for January totaled roughly $2.95 billion, for an increase of $423.5 million, or 16.7 percent, compared to January 2021, when net tax collections totaled $2.53 billion.  Year-to-date net tax collections approached $17.81 billion, for an increase of roughly $2.70...
    The State of Georgia’s net tax collections in December totaled $2.98 billion, for an increase of $582.9 million, or 24.3 percent, compared to December 2020 when net tax collections totaled $2.40 billion.  Year-to-date, net tax revenue collections totaled $14.85 billion, for an increase of $2.28 billion,...
    The State of Georgia’s net tax collections in November totaled $2.29 billion, for an increase of $332.7 million, or 17 percent, compared to November 2020, when net tax collections totaled $1.96 billion.  Year-to-date, net tax revenue collections totaled $11.87 billion, for an increase of nearly $1.70...
    Arizona’s economy appears to be outperforming the state economists' expectations as tax revenue came in above expected levels for the eighth consecutive month. The Arizona Joint Legislative Budget Committee released its October revenue numbers, showing the state brought in $1.17 billion; $100 million more than expected. Sales taxes, individual income taxes and corporate income taxes...
    Georgia’s September net tax collections totaled nearly $2.82 billion for an increase of $655 million, or 30.3 percent, compared to September of last year when net tax collections totaled $2.16 billion. Year-to-date and through the end of one quarter, net tax revenue collections totaled $7.10...
    Net tax revenue in Georgia was $2.8 billion in September, representing a $655 million increase – or 30.3% – compared with September 2020, Gov. Brian Kemp's office said. Individual income tax collections for September totaled about $1.4 billion, representing an increase of about $166 million (13.2%) compared with last year. Individual income tax refunds decreased...
    Governor Brian Kemp announced that Georgia’s August net tax collections totaled nearly $2.13 billion, for an increase of $240 million, or 12.7 percent, compared to August 2020, when net tax collections totaled almost $1.89 billion. Year-to-date, net tax revenue collections totaled $4.28 billion, for...
    At first blush, Missouri’s revenue report that charts a 3% decline in overall state general revenue collections in August compared to July should set off alarm bells. According to the August 2021 General Revenue Report from Missouri State Budget Director Dan Haug, net general revenue collections for this August was $962.2 million compared to $991.6...
    The State of Georgia’s net tax collections in the first month of FY 2022 approached $2.16 billion for an increase of $8.7 million, or 0.4 percent, compared to July 2020 (FY 2021), when net tax collections totaled roughly $2.15 billion.  Gross tax revenue receipts in July...
    Net tax revenue in Georgia was $2.16 billion in July, representing an $8.7 million increase compared with July 2020, Gov. Brian Kemp's office said. Gross tax revenue in July was $2.92 billion, reflecting an increase of $187.2 million over the same time in 2020. Individual income tax collections for July totaled about $1.06 billion, representing...
    The State of Georgia’s June net tax collections totaled $2.5 billion for an increase of $563.1 million, or 29.1 percent, compared to June 2020 when net tax collections totaled nearly $1.94 billion as of June 30, 2020. For the year-ended June 30, 2021, net tax...
    The State of Georgia’s net tax collections for March totaled nearly $1.90 billion for an increase of almost $67 million, or 3.7 percent, compared to March 2020, when net tax collections totaled $1.83 billion. Year-to-date, total net tax collections approached $18.94 billion, for an increase...
                      by Jason Schaumburg  Georgia’s decision to delay processing tax year 2020 individual returns helped lead to a net tax collection of nearly $2 billion in February. Georgia followed the Internal Revenue Service’s guidance of not accepting and processing 2020 returns until Feb. 12. The deferment led to...
            by J.D. Davidson  Two Ohioans filed lawsuits this week challenging Ohio tax law that allows cities to tax income of workers who, the lawsuits say, do not live in nor work in the municipalities. The Buckeye Institute, an independent research and educational group, filed the lawsuits on behalf of Eric...
    Infographic vector created by starline - www.freepik.com Georgia’s net tax collections for January saw an increase of $175.6 million, or 7.5 percent, compared to January 2020 Atlanta, GA – The State of Georgia’s net tax collections for January totaled $2.53 billion, for an increase of $175.6...
    The State of Georgia’s net tax collections in December totaled $2.40 billion, for an increase of $171.4 million, or 7.7 percent, compared to December 2019 when net tax collections totaled almost $2.23 billion. Year-to-date, net tax revenue collections totaled $12.57 billion, for an increase of...
    The State of Georgia’s net tax collections in November totaled nearly $1.96 billion, for an increase of $150.9 million, or 8.3 percent, compared to November 2019 when net tax collections approached $1.81 billion. Year-to-date, net tax revenue collections totaled $10.17 billion, for an increase of...
    The State of Georgia’s September net tax collections totaled roughly $2.16 billion for a decrease of $81.3 million, or -3.6 percent, while net tax revenue collections for the first quarter of fiscal year 2021 totaled nearly $6.2 billion and marked a year-over-year increase of $365...
    Governor Brian P. Kemp announced this week that Georgia’s August net tax collections totaled nearly $1.89 billion for an increase of $134.5 million, or 7.7 percent, compared to August 2019, when net tax collections totaled roughly $1.75 billion. Year-to-date, net tax revenue collections totaled $4.03...
    The State of Georgia’s net tax collections for July 2020, including the recurring monthly tax collections for July and Fiscal Year (FY) 2020 related tax collections delayed by deferral of the April 15 tax filing deadline to July 15, totaled approximately $3.10 billion....
    The State of Georgia’s June net tax collections approached $1.94 billion, for a decrease of $187 million, or -8.8 percent, compared to June 2019 when net tax collections totaled roughly $2.12 billion. Net tax collections for FY 2020 currently total almost $22.75 billion, which reflects a decrease of roughly $1.04 billion, or -4.4 percent, compared...
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