Senate approves suspending Georgia gas tax
A measure to suspend Georgia’s state gas tax cleared a major hurdle on Thursday after passing the Senate.
What we know:
The bill passed unanimously and is now headed to the Governor’s desk to be signed or vetoed.
Lawmakers say the suspension would use the state’s surplus funds to help offset the cost burden for drivers. They described the move as a way to protect residents from economic forces that are currently beyond their control.
Big picture view:
The push for relief follows a steady rise in fuel costs since the U.S. and Israel bombed Iran earlier this month. The conflict is taking place near the Strait of Hormuz, a critical global shipping lane where about 20% of the world's oil originates.
Local perspective:
The impact is already being felt locally. Gas prices in Atlanta have jumped 33.7 cents in just one week and are up by more than $2.70 compared to last month's average.
What's next:
If Governor Kemp signs the bill, gas prices will drop by about 33 cents, which is the current tax rate on gas. The tax on diesel is about 37 cents, according to the state.
FOX 5's Deidra Dukes has reached out to the Governor's office for comment on if he will sign the bill.
The Source: Information in this article came from FOX 5's Deidra Dukes in the field.