Georgia gas prices might not have increased, the the tax sure did

"Contrary to media reports, Georgia's gas tax change led to no price increase at the pump," according to the piece by economics professor E. Frank Stephenson and student Clay G. Collins. Switching from a 7.5 cent per gallon and excise tax and a 4 percent state sales tax to a single 26...

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Bibliographic Details
Published inTCA Regional News
Main Author Hunt, April
Format Newsletter
LanguageEnglish
Published Chicago Tribune Content Agency LLC 09.09.2015
Subjects
Automobile drivers
Crude oil prices
Excise taxes
Gasoline prices
Gasoline taxes
Sales taxes
Tax increases
United States > US
Georgia
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Summary:"Contrary to media reports, Georgia's gas tax change led to no price increase at the pump," according to the piece by economics professor E. Frank Stephenson and student Clay G. Collins. Switching from a 7.5 cent per gallon and excise tax and a 4 percent state sales tax to a single 26 cent excise tax on gasoline is projected to raise nearly $670 million this year.