Georgia tax collections up slightly, third slow month in last four


State tax collections were up 2.1 percent in March, the third relatively slow-growth month in the last four.

That was largely because the sales tax take was flat and corporate income tax collections plummeted for the fourth consecutive month.

State officials blamed the 46.1 percent drop in corporate tax collections, in part, on the IRS moving the filing deadline from March 15 to April 15. That could mean the state will see a flood of corporate tax money this month.

Individual income tax collections were up 20.2 percent in March over March 2016. By contrast, the net income tax take was down in February in part because the state was putting out refunds faster than the previous year.

Those refunds in March didn’t necessarily bump up spending on taxable goods much. The state took in about the same amount in sales taxes as it did last March.

Overall, collections are up 3.5 percent, or $530.8 million, for the first three quarters of fiscal 2016, which ends June 30.


Reader Comments ...

Next Up in Georgia Politics

Republicans say they have a deal on tax bill
Republicans say they have a deal on tax bill

WASHINGTON — House and Senate Republicans reached an agreement, in principle, on a consensus tax bill Wednesday, keeping the party on track for final votes next week with the aim of delivering a bill to President Donald Trump’s desk by Christmas, according to people briefed on the deal. Sen. John Cornyn of Texas, the majority whip, told...
Trump sends tweet about female senator that critics say is sexually suggestive, demeaning
Trump sends tweet about female senator that critics say is sexually suggestive, demeaning

WASHINGTON — President Donald Trump attacked Sen. Kirsten Gillibrand, D-N.Y., in a sexually suggestive tweet Tuesday morning that implied Gillibrand would do just about anything for money, prompting an immediate backlash. "Lightweight Senator Kirsten Gillibrand, a total flunky for Charles E. Schumer and someone who would come to my office...
In Alabama, the left wonders if there can even be a winner
In Alabama, the left wonders if there can even be a winner

What is the race for the Alabama Senate seat really about? A roundup of editorials Tuesday takes a look at the issue. From The New York Times: The race isn’t necessarily between Roy Moore and Doug Jones. From ABC: If we gather in our own tribes can we ever get to a consensus on anything? From St. Louis Post Dispatch: What would be next? Firing...
Is the price for a vote in the Senate one the right wants to pay?
Is the price for a vote in the Senate one the right wants to pay?

Election Day is here, and we have to look at the cost of Roy Moore as a United States senator. A roundup of editorials Tuesday takes a look at the issue. From Newsmax: The RNC is trading its soul for a vote in the Senate. From The National Review: Alabamians, Moore has done nothing to earn your vote. From al.com: Will Alabama be remembered as a place...
Last WWII veteran in Georgia Legislature, John Yates, dies
Last WWII veteran in Georgia Legislature, John Yates, dies

John Yates, the last World War II veteran to serve in the Georgia General Assembly, has died. He was 96. Yates became one of a small number of Republicans in the Georgia House at the time he was first elected in 1988. After losing re-election, he ran again in 1992 and remained in office until 2016 representing a district based in Griffin. Yates...
More Stories