Be sure to fill up your gas tank before tomorrow. That’s when Georgia’s new gas tax goes into effect.
The Georgia General Assembly’s Transportation Funding Act of 2015 hopes to raise funding for transportation improvements through this flat tax.
Right now there is a 7.5 cent excise tax on each gallon of gas. Gasoline is also subject to a state sales tax of 4 percent as well as local sales taxes.
That all goes away starting tomorrow and gets converted it to a straight 26-cent-per-gallon excise tax.
This means drivers should expect around a 6-to-7-cent increase in the price for a gallon of gasoline if they visit a gas pump after today. The exact increase, however, will depend on the price of gas and diesel.
Here’s the breakdown for what other gas-guzzling forms of transportation should expect:
- Heavy trucks: Pay an annual “highway impact fee” of $50 to $100 depending on the weight of the vehicle.
- Noncommercial electric vehicles: Pay a $200-per-year fee.
- Commercial electric vehicles: Pay a $300-per-year fee.
- Zero emission vehicles: Say goodbye to the $5,000 state tax credit.
- Airplanes: See an end to a 10-year-old tax break on aviation fuel.
Georgia’s not the only state getting a gas tax tomorrow. Drivers in Idaho, Maryland, Rhode Island, Nebraska and Vermont will also get charged more at the pump due to laws taking effect at the start of the new fiscal year.
– Blog post by reporter Kendall Trammell, email@example.com.