Last week, NAIOP Georgia hosted the Capitol Access ’15 breakfast. Representatives from local entities discussed transportation issues, as legislation for an annual increase of $1 billion for transportation improvements was headed for a vote.
Monday, the House of Representatives’ Transportation Committee approved this legislation, which includes replacing Georgia’s sales tax on gas with a 29.2 cents per gallon excise tax, adjusted for inflation. Georgia residents now pay 4 percent sales tax and a 7.5 cent excise tax.
Driving on deficient roads costs residents $7.9 billion annually and traffic issues keep large corporations away, The legislature now goes to the House Rules Committee.