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Friday, November 1, 2024

Q2 2023: Georgia's combined tax revenues up 19.3% since Q1 2023

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Frank O’Connell Commissioner of Revenue at Georgia Department of Revenue | Georgia Department of Revenue

Frank O’Connell Commissioner of Revenue at Georgia Department of Revenue | Georgia Department of Revenue

Georgia collected $9.4 billion in total tax revenues during the second quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

These tax revenues stem from various sources, including property tax, sales and gross receipts tax, licenses, income tax, and miscellaneous tax.

The majority of the state’s tax revenue was collected through income taxes ($6 billion) and general sales and gross receipts taxes ($3.1 billion).

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 the state governments.

Q2 2023 Georgia Tax Collections
Type of TaxAmount (millions)
Income Taxes$5,961
Sales and Gross Receipts Taxes$3,077
Property Taxes$221
License Taxes$133
Other Taxes$53

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