Types of SPLOST
- One SPLOST (1%) may be used to increase the homestead exemption for property taxes (sometimes called a HOST, or homestead-option sales tax).
- A SPLOST is not required to exempt groceries (and almost none do), but still cannot be applied to prescriptions.
- Cities are normally not allowed to levy sales taxes, they instead share proportionately with their county, according to how much was collected within respective city limits and unincorporated areas. Cities can have a separate tax if the county does not participate. Early on, in the 1970s, Dalton had its own tax. The county (Whitfield) sued and won the right to take over the tax.
- Since 2004, Atlanta charges a city sales tax of 1% to separate and repair its old sewers and storm drains. This does not count against the 3% cap on SPLOST/LOST/HOST taxes, and was sometimes called a MOST (municipal-option sales tax).
- Like the sewer tax, the MARTA sales tax is separate and not considered a SPLOST.
- The state has been divided into twelve regions, which each voted on a TSPLOST for transportation needs in July 2012. This also does not count against the 3% cap on SPLOST/LOST/HOST taxes.
Read more about this topic: Special-purpose Local-option Sales Tax
Famous quotes containing the words types of and/or types:
“Science is intimately integrated with the whole social structure and cultural tradition. They mutually support one other—only in certain types of society can science flourish, and conversely without a continuous and healthy development and application of science such a society cannot function properly.”
—Talcott Parsons (1902–1979)
“The rank and file have let their servants become their masters and dictators.... Provision should be made in all union constitutions for the recall of leaders. Big salaries should not be paid. Career hunters should be driven out, as well as leaders who use labor for political ends. These types are menaces to the advancement of labor.”
—Mother Jones (1830–1930)