May 23, 2013

Weather

Mostly Cloudy

69°
Conditions at Augusta, Bush Field, GA
Save Email Print Bookmark and Share
A A
Reporter: The Associated Press

Gov. Deal freezes Georgia gas tax hike

Georgia Gov. Nathan Deal

Georgia Gov. Nathan Deal. (File / WRDW-TV)

Friday, June 24, 2011

ATLANTA (AP) — Gov. Nathan Deal has frozen Georgia's gas tax, preventing a tax hike that would have kicked in July 1.

Deal signed an executive order freezing the gas tax at current levels. Aides say it will save motorists an estimated $40 million in taxes.

The state gas tax had been set to rise 1.6 cents on July 1, as a result of a formula tied to fuel prices. Deal signed the order Thursday.

Deal had declined to step in and freeze the state sales tax when it rose by nearly 3 cents a gallon on May 1.

Spokesman Brian Robinson said Deal decided to act now because the state sales tax would be rising as the price of gas is falling and Georgians had already been hit with an increase in May.

(Copyright 2011 The Associated Press.)


Have information or an opinion about this story? Click here to contact the newsroom.


Copyright WRDW-TV News 12. All rights reserved. This material may not be republished without express written permission.


Finance Glossary

Financial Glossary © ML

Latest Mortgage Stories

Mortgage Stories © ML

FHA Loan Limits

Current National Rates

Current National Rates

Mortgage Rates © ML