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LOST
(redirected from Local Option Sales Tax)

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LOSTLaw of the Sea Treaty
LOSTLocal Option Sales Tax (special purpose tax)
LOSTLinux One Stanza Tips
LOSTLiberty Owners Special Team
LOSTLooking Over Strange Terrain :-)
LOSTLine Of Sight Tasking


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The author attempts to fill this gap by analyzing Georgia's Local Option Sales Tax Act of 1975, which permitted counties to impose a 1 percent sales tax, with all revenue collected in the second year of the tax and beyond going toward dollar-for-dollar property tax reduction.
In September 2005, county voters narrowly approved a 1% Special Purpose Local Option Sales Tax (SPLOST) to finance various capital projects, including a new jail, a new courthouse, replacement of the countywide 800 mhz radio system, and transportation improvement programs.
The county's solid credit fundamentals include a strong financial profile marked by significant reserves and a moderate debt burden that Fitch expects will improve going forward given limited long-term borrowing plans, rapid debt amortization, and ongoing use of Special Purpose Local Option Sales Tax (SPLOST) revenues for a majority of capital needs.
 
 
 
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