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LOCAL OPTION ECONOMIC DEVELOPMENT SALES TAX REPORT

LOCAL OPTION ECONOMIC DEVELOPMENT SALES TAX REPORT 2025

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The document is a report on the Local Option Economic Development Sales Tax, due by February 1, 2008, which outlines the requirements for cities and counties in Missouri to report on their economic development initiatives for the year 2007. It includes sections for contact information and detailed annual report data, such as total sales tax revenue, expenditures on infrastructure, machinery, job training, and other business incentives. The results will be published online and shared with the Missouri General Assembly and media.

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What does SPLOST mean in Georgia?

The Special Purpose Local Option Sales Tax (SPLOST) program represents a way for Camden County to raise funds for projects, which would otherwise be funded by property taxes.

What is the local option sales tax?

Local option taxes allow voters, either directly or through their representatives, to choose whether to increase taxes to pay for services that state taxpayers may be unwilling to fund.

What is the sales tax in Atlanta local option?

The 1% City of Atlanta municipal sales and use tax generally applies to all sales that are subject to the 4% State Tax except motor vehicle sales. This tax will be collected on the sale of food. The City of Atlanta is not in one county, but is in parts of Fulton and DeKalb counties.

What is the local option sales tax lost?

This tax is a general sales and use tax on retail sales that are taxable under the state sales and use tax. This tax is imposed to reduce the property tax burden on persons in the counties where this tax is imposed.

What is the special purpose local option sales tax Splost?

SPLOST stands for Special Purpose Local Option Sales Tax. This is a 1-cent sales tax, which the State of Georgia allows counties to collect to fund specific improvement projects. SPLOST must be approved by voters in a general referendum in order to be enacted and last for a maximum of 72 months (6 years).

What is a transportation special purpose local option sales and use tax?

TSPLOST (Transportation Special Purpose Local Option Sales Tax) is a one-percent sales tax that is exclusively used for road maintenance and improvements. TSPLOST was voted on and approved in May 2024. Unlike other special purpose sales taxes in Georgia, TSPLOST can only be used on transportation projects.

What are local option sales taxes used for?

A local option sales tax is often used as a means of raising funds for specific local or area projects, such as improving area streets and roads, or refurbishing a communitys downtown area. LOSTs are always appended onto a states base sales tax rate, most commonly at a rate of 1%.

LOCAL OPTION ECONOMIC DEVELOPMENT SALES TAX REPORT 2025

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