A special-purpose local-option sales tax (SPLOST) is a financing method for funding capital outlay projects in the U.S. state of Georgia. It is an optional 1% sales tax levied by any county for the purpose of funding the building of parks, schools, roads, and other public facilities. The revenue generated cannot be used towards operating expenses or most maintenance projects.
Read more about Special-purpose Local-option Sales Tax: Capital Outlay Projects, Procedure, Types of SPLOST, Transportation SPLOST
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“If you tax too high, the revenue will yield nothing.”
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