In February, state income tax collections were up 97%, and sales taxes 16.3%.
State lawmakers still expect a big dip in collections later this spring as Georgians file their tax returns for 2020. Specifically, they expect much larger refunds because the state withheld taxes on the bonus unemployment payments the federal government included to help those who are out of work. Much if not most of the money the state withheld for income taxes is expected to go back to those filers, officials said.
“There is still a lot of uncertainty when it comes to state revenue through the end of this fiscal year and into the next (year),” Gov. Brian Kemp said.