Why did Georgia’s tax revenues spiral downward again? Gov.

May 13, 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 …

4%
OFF

Why Did Georgia’s Tax Revenues Spiral Downward Again? Gov.

1 week from now

May 13, 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 …

yahoo.com

$341
OFF

State Tax Revenues Fall Again | Georgia Public Broadcasting

1 week from now

May 13, 2024 · With tax receipts down $341.3 million for fiscal 2024 and just two months left in the fiscal year, it appears likely the state will show revenues down when the year ends on …

gpb.org

5%
OFF

December Tax Revenues Down 5%; Adjusted YTD Down 2.5%

1 week from now

Jan 9, 2024 · Atlanta, GA – The State of Georgia’s net tax collections in the month of December totaled nearly $3.05 billion, for a decrease of $159.1 million, or -5 percent, compared to …

georgia.gov

2%
OFF

Georgia Taxes Continue Downward Spiral Due To Corporate Income ...

1 week from now

Jun 17, 2024 · Georgia’s tax collections continue downward. ... tax revenues are down by 1.2% compared to the first 11 months of fiscal 2023. ... With the state likely to show tax revenues …

ledger-enquirer.com

1%
OFF

Georgia Has More Than $16 Billion In Reserves, But Tax Collections ...

1 week from now

Oct 16, 2023 · For the first quarter of fiscal 2024, state tax collections are up 6.1% over the same period in 2022, but again, that’s because the state has been collecting gas taxes for most of …

ajc.com

5%
OFF

Tax Refunds Mostly Fuel Georgia State Tax Revenue Decline

1 week from now

Jan 9, 2024 · Georgia tax collections declined by 5% last month, down $159.1 million from the $3.21 billion in taxes the state Department of Revenue brought in during December of 2022.

ledger-enquirer.com

5%
OFF

Georgia Tax Revenue Down 16.5% Compared To April 2022, Kemp's …

1 week from now

May 9, 2023 · The impact of HB 149 is also reflected in an increase in corporate income tax revenue throughout this fiscal year. Individual income tax collections decreased by about …

gpb.org

49%
OFF

Georgia Governor Signs Income Tax Cuts As Property Tax Measure …

1 week from now

Apr 18, 2024 · Georgia’s personal income tax already dropped on Jan. 1 to a flat tax of 5.49%. Before that, the state had a series of income tax brackets that topped out at 5.75%. Under the …

apnews.com

$2
OFF

Georgia Tax Cut Could Hit $2 Billion, But Maybe Not By 2029

1 week from now

Apr 27, 2022 · BONAIRE, Ga. (AP) — A major state income tax cut signed by Republican Georgia Gov. Brian Kemp as he seeks reelection could eventually total more than $2 billion, …

apnews.com

$4
OFF

Kemp Wants To Use Savings To Boost Georgia Spending, But …

1 week from now

1 day ago · ATLANTA (AP) — Georgia will boost spending by $4.4 billion in the last three months of the current budget year under the spending plan released Thursday by Gov. Brian Kemp.

usnews.com

FAQs about Why did Georgia’s tax revenues spiral downward again? Gov. Coupon?

Will Georgia tax collections continue a downward spiral?

Gov. Kemp issues warning 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. ...

How much did Georgia's tax collections decrease in December?

Atlanta, GA – The State of Georgia’s net tax collections in the month of December totaled nearly $3.05 billion, for a decrease of $159.1 million, or -5 percent, compared to December 2022, when net tax collections approached $3.21 billion for the month. ...

Will a recession drive down Georgia state tax collections?

Georgia’s state economist is warning lawmakers that a recession could drive down state tax collections in coming months. Meanwhile, Republican Gov. ...

Will Georgians owe less income taxes this year?

ATLANTA (AP) — Georgians will owe less in income taxes this year and will get a chance in November to vote to cap increases in how homes are valued for property taxes. Republican Gov. Brian Kemp on Thursday signed measures cutting income taxes by a projected $700 million on residents and businesses. The income tax cuts are retroactive to Jan. 1. ...

Can Georgia afford tax cuts?

Even though tax collections are decreasing, Georgia can afford tax cuts because the state spent much less than what it collected in taxes over several years and had $10.7 billion in unallocated surplus at the end of the last budget year. ...

What happened to state income tax revenues in December?

State income tax revenues are down 4.5% through December, even before income tax cuts took effect. But overall revenue remained up 1.6% through the first six months of the budget year, in part because the state has resumed collecting taxes on gasoline and diesel fuel. ...