onlyTrustedInfo.comonlyTrustedInfo.comonlyTrustedInfo.com
Notification
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Reading: Extended tax deadline blamed for decreased revenues
Share
onlyTrustedInfo.comonlyTrustedInfo.com
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Search
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
  • Advertise
  • Advertise
© 2025 OnlyTrustedInfo.com . All Rights Reserved.
News

Extended tax deadline blamed for decreased revenues

Last updated: May 11, 2025 8:00 pm
Oliver James
Share
2 Min Read
Extended tax deadline blamed for decreased revenues
SHARE

(The Center Square) – The extension of the income tax deadline for Georgia taxpayers drove down state revenues for April, according to the latest numbers released by Gov. Brian Kemp’s office on Monday.

Net tax collections dropped by $230.4 million, a 5.8% decrease from April of last year. The state collected $3.73 billion in April 2025 compared to $3.96 billion in April of 2024, according to the Georgia Department of Revenue.

The governor extended the income tax filing deadline from April 15 to May 1 to help businesses and individuals affected by Hurricane Helene, which swept through the state last September. The deadline was the same even for Georgians not affected by the hurricane.

Corporate tax collections took the most significant hit, down 27.8% when compared to fiscal year 2024. Individual income tax collections were only down slightly from $1.97 billion in FY2024 to $1.91 billion in FY2025, a 2.8% reduction.

Other tax collections were up in April with sales and use tax collections up 4.5%, motor fuel taxes increasing 3.4% and motor vehicle tag and title fees rising by 7.4%, according to the report.

Year-to-date tax collections are $27.7 billion, an increase of $312 million. A moratorium on motor fuel excise tax in fiscal year 2024 accounted for the higher numbers, according to the revenue department. Without the motor fuel tax changes, year-to-date collections are down 0.6%, a $154.2 million decrease.

You Might Also Like

Japan, South Korea seek to soften tariff blow before August deadline

Canadian Prime Minister Mark Carney vows to never let the US, Trump ‘break us’ after Liberals win election

Trump economic adviser on debt downgrade: ‘Moody’s can do what it wants to’

DOJ Asks Judge to Release Epstein Grand Jury Testimony

Alex Ovechkin breaks Wayne Gretzky’s NHL goals record with 895th of his career

Share This Article
Facebook X Copy Link Print
Share
Previous Article Why This Reptile Sounds Like It’s Snoring While Awake Why This Reptile Sounds Like It’s Snoring While Awake
Next Article Foreign overfishing in Senegal fuels migration to Spain, a report finds Foreign overfishing in Senegal fuels migration to Spain, a report finds

Latest News

Kelly Clarkson Fans Floored By ‘Powerhouse’ Cover of ’90s Hit
Kelly Clarkson Fans Floored By ‘Powerhouse’ Cover of ’90s Hit
Entertainment August 3, 2025
Iconic Actress, 74, Unrecognizable 47 Years After Starring With John Travolta in ‘Grease’
Iconic Actress, 74, Unrecognizable 47 Years After Starring With John Travolta in ‘Grease’
Entertainment August 3, 2025
Jonathan Kaplan, Emmy-Nominated Director of ‘ER,’ Dies at 77
Jonathan Kaplan, Emmy-Nominated Director of ‘ER,’ Dies at 77
Entertainment August 3, 2025
Detective on ‘Yogurt Shop Murders’ is ‘confident’ he’ll solve 34-year-old cold case
Detective on ‘Yogurt Shop Murders’ is ‘confident’ he’ll solve 34-year-old cold case
Entertainment August 3, 2025
//
  • About Us
  • Contact US
  • Privacy Policy
onlyTrustedInfo.comonlyTrustedInfo.com
© 2025 OnlyTrustedInfo.com . All Rights Reserved.