Georgia’s sales and gross receipts tax revenue up 2.5% in Q2 compared to previous quarter

Frank O’Connell Commissioner of Revenue at Georgia Department of Revenue
Frank O’Connell Commissioner of Revenue at Georgia Department of Revenue
0Comments

Georgia collected $3.1 billion in sales and gross receipts taxes during the second quarter of 2024, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

This represents a 2.5% increase over the previous quarter, when sales and gross receipts tax revenue was $3 billion.

Sales and gross receipt taxes include taxes on licenses, alcohol, amusements, insurance, fuel, parimutuels, public utilities, and tobacco products.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by state governments.

Overall, Georgia collected $9.4 billion in combined tax revenues in Q2.

Q2 2024 Georgia Tax Collections
Type of Tax Amount (millions)
Income Taxes $5,877
License Taxes $140
Other Taxes $57
Property Taxes $225
Sales and Gross Receipts Taxes $3,085

Information in this article was obtained from the U.S. Census Bureau. The source data can be found here.



Related

Theodore S. Hertzberg United States Attorney for the Northern District of Georgia

Defendants indicted in multi-state firearms trafficking case

Three individuals have been indicted on firearms trafficking charges involving alleged straw purchases in Georgia linked to crimes outside the state. Authorities say dozens of illegally obtained guns were trafficked into Maryland and Washington, D.C., some connected with violent incidents. The case underscores ongoing efforts by federal agencies to combat gun trafficking networks.

Theodore S. Hertzberg United States Attorney for the Northern District of Georgia

Georgia felon indicted for targeting professional athletes in fraud and sex trafficking schemes

Kwamaine Jerell Ford has been indicted on charges involving phishing scams against professional athletes leading to alleged fraud and sex trafficking schemes. Authorities say Ford repeated similar crimes after a previous conviction while incarcerated. The case underscores ongoing efforts by federal prosecutors in Georgia against cybercrime and human trafficking.

William R. Keyes, U.S. Attorney of the Middle District of Georgia

Moultrie man sentenced to 10 years for illegal firearm possession after drug investigation

A Moultrie man with prior felony convictions has been sentenced to ten years for illegally possessing firearms after police uncovered drugs and weapons during an investigation into armed drug trafficking. The case is part of broader efforts by authorities to reduce violent crime in southwest Georgia.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Peach Tree Times.