Georgia Gas Tax Suspension Extended by Gov. Kemp

in a move aimed at alleviating financial strain caused by inflation, Georgia Gov. Brian Kemp declared a state of emergency last month and temporarily suspended Georgia’s gas tax. This means Georgians are seeing some relief from the state’s excise tax on motor fuel. 

Kemp announced the Georgia gas tax suspension in a release accompanying an executive order that was going to remain in force from Sept. 13 until Oct. 12, 2023. But Kemp, who has said the main objective of the tax relief measure is to put money back into the pockets of Georgia's middle-class families, extended Georgia's gas tax holiday to Nov. 29.

“Our state's average gas price is now roughly 40 cents less than it was last month. With our partners in the General Assembly, we'll keep working to put money back in the pockets of Georgia families." Kemp stated in a release.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

Georgia gas tax suspension extended until November

According to the initial news release, a Moody's Analytics analysis from August revealed that people in the U.S. are spending $709 more per month than they were two years ago and an additional $202 per month compared to last year. 

The suspension of the fuel tax in Georgia is projected to save residents approximately 31.2 cents per gallon of gasoline and 35 cents per gallon of diesel fuel. According to data from Gov. Kemp's office, a similar tax suspension last year resulted in Georgians saving around $1.7 billion at the pump.

Fuel tax: How much is gas tax in Georgia?

According to AAA, the average cost of a gallon of regular gas in Georgia currently stands at $3.18, lower than the national average, as of Oct. 6, of $3.74. The extended tax relief could ease the financial burden on consumers feeling the pinch at the pump. 

(Without the suspension, the gas tax in Georgia is 31.2 cents per gallon of regular gasoline and 35 cents per gallon of diesel fuel.) 

Georgia surplus tax refunds

Meanwhile, many eligible Georgians have received tax rebates for 2023 as the state sends nearly $1 billion in Georgia surplus tax refunds to residents. As with the gas tax suspension, this is the second time Georgia has distributed special payments to qualifying residents. (A similar initiative took place last year when over 20 other states also returned billions of dollars in surplus tax revenue via state “stimulus checks” to taxpayers.) Many states continue to send special payments this year.

To be eligible for Georgia’s surplus tax refund, you should have filed your tax return by the April 18, 2023, tax deadline. Or, if you were granted an extension, you must file your return by Oct. 16, 2023. 

You also must have had a tax liability for the 2021 tax year. According to information on the state's surplus tax refund website, Georgia residents (including part-year) and Georgia nonresidents can receive a refund of up to $500 depending on filing status.

Other Georgia tax relief

Additionally, some people in Georgia were granted more time by the IRS to file their 2022 federal income tax and business returns. But the new Georgia IRS tax deadline is fast approaching. Taxpayers in storm-impacted areas can also make contributions to their IRAs, and health savings accounts (HSAs) for the 2022 tax year in accordance with the tax filing deadline extension date of Oct. 16, 2023.

If you live in an area of Georgia impacted by Hurricane Idalia, the IRS has announced that you have more time to file certain returns and make certain payments. For more information, visit the IRS disaster relief site.  

Related Content

• Georgia 2023 Surplus Tax Refunds
• Another New IRS Tax Deadline for Georgia
• States With the Lowest Gas Taxes
• IRS Extends Tax Deadline in Georgia, Other States