Why Did Georgia’s Tax Revenues Go Downward Again? Gov. Kemp Issues Warning
Tuesday, May 14th, 2024
Georgia tax collections continued their downward spiral last month, falling 5.4% from April of last year, the state Department of Revenue reported Friday.
The broader picture for the first 10 months of fiscal 2024 was similar. While net tax revenue was down only 1.2% between last July and the end of April, that doesn’t reflect the reality that the state was not collecting sales taxes on gasoline and other motor fuels during the first half of the last fiscal year.
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