Georgia’s December 2022 tax revenues hit $3.21 billion, up $224.9 million and 7.5 percent higher than the same month in 2021 despite decreases in fuel tax and personal income tax revenues.
The report also marks the first six months of Fiscal Year 2023.
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Governor Brian Kemp allowed Georgia’s moratorium on state gas and diesel taxes to expire on Tuesday night, after first introducing the moratorium in May and renewing it six times since then.
In 2022, Georgia’s gas tax was 29.1 cents and the diesel tax at 32.6 cents, but that’s going up on Wednesday to 31.2 cents and 35 cents, respectively. As of January 10, before the taxes took effect, Georgia’s average gas price was $2.808, below the national average of $3.270, according to AAA Gas Prices.
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Georgia Gov. Brian Kemp has signed an extension of the state’s motor fuel and locomotive fuel tax.
The governor also extended the supply chain state of emergency. The tax suspension and state of emergency run until Jan. 10.
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Georgia hasn’t collected its gas tax since March, as Gov. Brian Kemp has signed a series of legislation and executive orders to place a moratorium on collections.
“Those prices have a huge impact on the economy as a whole,” National Federation of Independent Business Region Director Nathan Humphrey told The Center Square. “On top of all the other issues that small businesses were particularly struggling with from supply chain, inflation and [the] overall cost of doing business, the margins were just super tight, so when that hit, it really provided necessary relief.”
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Georgia Gov. Brian Kemp has signed an extension of the state’s gas tax moratorium, saying such a move is needed because of a potential diesel fuel shortage.
The extension runs through Dec. 11.
Kemp also extended the locomotive fuel tax moratorium and a supply chain state of emergency. The governor, who is in the middle of a reelection campaign against Democrat Stacey Abrams, squarely placed the blame for high gas prices on President Joe Biden’s policies.
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