onlyTrustedInfo.comonlyTrustedInfo.comonlyTrustedInfo.com
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
OnlyTrustedInfo.com
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

Shell Shock: Unpacking the Marine Artillery Mishap Over California’s I-5 During Vice President Vance’s Visit

Bridging the Gap: California’s Push for Digital Court Reporters Amidst Transcript Shortages

Brazil Supreme Court orders house arrest for Trump ally Bolsonaro

Texas at a Crossroads: Divergent Strategies for Border Security and Immigration Reform

Ukraine offers its front line as test bed for foreign weapons

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

Cameron Brink’s All-White Statement: Fashion Meets a Full-Strength Return for the Sparks
Cameron Brink’s All-White Statement: Fashion Meets a Full-Strength Return for the Sparks
Sports May 11, 2026
Binghamton’s Historic Rally Sets Up David vs. Goliath Showdown with Oklahoma
Binghamton’s Historic Rally Sets Up David vs. Goliath Showdown with Oklahoma
Sports May 11, 2026
SEC Dominance: Alabama Claims No. 1 Seed as Conference Floods NCAA Softball Bracket
SEC Dominance: Alabama Claims No. 1 Seed as Conference Floods NCAA Softball Bracket
Sports May 11, 2026
Frustration Boils Over: Wembanyama’s Ejection Alters Spurs’ Trajectory
Frustration Boils Over: Wembanyama’s Ejection Alters Spurs’ Trajectory
Sports May 11, 2026
//
  • About Us
  • Contact US
  • Privacy Policy
onlyTrustedInfo.comonlyTrustedInfo.com
© 2026 OnlyTrustedInfo.com . All Rights Reserved.