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“Given the large increase in home values across Georgia in recent years, many school districts, cities, and counties have been able to count on a boost in revenue without raising tax rates year ...
The first federal gasoline tax in the United States was created on June 6, 1932, with the enactment of the Revenue Act of 1932, which taxed 1¢/gal (0.3¢/L). Since 1993, the US federal gasoline tax has been unchanged (and not adjusted for inflation of nearly 113 percent through 2023) at 18.4¢/gal (4.86¢/L).
Georgia's state taxes on gasoline and diesel will be suspended for another month after Gov. Brian Kemp extended the tax rollback in a Friday executive order. The suspension of the taxes, at 31.2 ...
The governor reinstituted a temporary suspension in September, but that expired Wednesday.
Proponents argued that this could reduce the gas price at the pump by about 18.4 cents a gallon for regular unleaded gasoline and 24.4 cents a gallon for diesel. If it were done, it was estimated the gas tax holiday would save consumers roughly $30 over the three-month period it would be instated. [1]
Aircraft Fuel Tax Increase Nonbinding Question Maintain a tax increase on aircraft from 11 cents per gallon to 18 cents per gallon, generating an estimated $14 million in the first ten years, from Senate Bill 5974 of 2022
“We owe the bill, and we’ve got to pay it,” said a Public Service Commissioner about higher natural gas costs.
The AMT tax rate was increased from 24% to tiered rates of 26% and 28%. [4] Part IV Section 14131: Expansion of the Earned Income Tax Credit and added inflation adjustments. $255 billion in spending cuts over a five-year period; much of the cuts affected Medicare or the military. [5]