ATLANTA — The state closed out fiscal 2025 at the end of last month with a slight increase in net tax collections compared to fiscal 2024, Gov. Brian Kemp reported Tuesday.
Net tax revenue for the 12 months ending June 30 was up $197.4 million over the previous fiscal year, an increase of 0.6%. Gross tax receipts compared to the previous fiscal year were significantly higher, reflecting two and a half months during the fall quarter of fiscal 2024 when Kemp suspended collection of the state sales tax on gasoline and other motor fuels.
Net tax revenue for June was up 4.1% over June of last year. Individual income taxes rose by 12.5% last month, as tax return payments soared by 118% and refunds issued by the revenue agency fell by 4.3%.
Net sales tax collections increased by 2.8% last month compared to June of last year.
On the other side of the ledger, corporate income taxes dropped in June by 9.8%, a result of corporate tax payments declining by 4.0% and tax refunds increasing by 157.5%. While individual taxes make up the lionÐÔÊӽ紫ý share of tax payments to the state, the smaller corporate tax collections typically are more volatile month to month.
Motor fuel tax revenues fell slightly in June — by 0.3% — compared to the same month a year ago, a number thatÐÔÊӽ紫ý likely to rise as Georgians hit the highways in July for summer vacations.
Local numbers
For June, Gordon County saw $1,256,490 in Special Local Option Sales Tax collections, down from just shy of the $1,266,889 collected in May, and also below $1,293,740 in June of last year.
Local Option Sales Tax collections for Gordon County in June were $765,989, just shy of the $772,369 distributed in May, and also below $789,268 from the previous June. Meanwhile, the City of CalhounÐÔÊӽ紫ý LOST collections totaled $445,712 in June, just under the $449,313 brought in for May, and also under the $458,631 collected a year ago.
For Education LOST collections, Gordon CountyÐÔÊӽ紫ý ELOST total for June saw $774,674, just below $780,985 in May, and also below $795,311 for June of 2024.
ELOST for the City of Calhoun came in at $512,539 in June, down from $516,856 in May, and also below $525,665 the previous June.
Other LOST distributions for June included Fairmount at $16,846, down slightly from $16,983 in May, and down from $17,372 the previous June; Plainville at $7,891, just below $7,934 in May, and down from $8,026 in June 2024; and Resaca at $20,331, just under $20,478 in May, and also below $20,852 the previous June.
For more information on local sales tax distributions, visit the Georgia ÐÔÊӽ紫ý of Revenue at .
This story is available through a news partnership with Capitol Beat News Service, a project of the Georgia Press Educational Foundation. Calhoun Times staff contributed the local information.
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