Newspaper article The Florida Times Union

Georgia Suspends Gas Taxes; 15 Cent Drop; Governor's Order Sacrifices $75 Million in State Tax Revenue

Newspaper article The Florida Times Union

Georgia Suspends Gas Taxes; 15 Cent Drop; Governor's Order Sacrifices $75 Million in State Tax Revenue

Article excerpt

Byline: BRANDON LARRABEE

ATLANTA -- Georgia drivers won't pay state gas taxes when they fuel up starting today under an executive order signed by Gov. Sonny Perdue, the latest effort to calm customers and markets hammered by Hurricane Katrina.

At a news conference Friday, Perdue also said he would call for a special session of the General Assembly next week to pass a bill backing up the order. Legislative leaders said they expected the measure -- which would continue the tax moratorium until the end of September -- to pass easily.

"I believe it is absolutely wrong for the state to reap a tax windfall in this time of urgency and tragedy," Perdue said.

Between the 7.5 cent a gallon excise tax and the 4 percent sales tax on gas, drivers can expect to save more than 15 cents on a gallon of gas priced at $3, Perdue said. The break also applies to diesel.

The moratorium is expected to keep about $75 million in drivers' pockets. But the steady rise in gas prices this year has already brought in more gas taxes than expected -- $35 million more in the last fiscal year. …

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