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Committee approves alternative ‘host’ sales-tax plan limited to Cherokee, Cobb and Gwinnett counties
Summary
The Senate Finance Committee approved a substitute to House Bill 66 that creates an alternative host sales/use tax mechanism limited to counties without a LOST (Cherokee, Cobb, Gwinnett), allocates up to 25% of revenues for capital, ties homestead exemptions to a ballot measure, and includes a 10-year sunset.
The Senate Finance Committee advanced a substitute to House Bill 66 that would let counties without an existing local option sales tax (LOST) pursue an alternative “host” local sales-and-use tax under a framework the committee discussed at length.
Under the substitute described in committee, the capital-factor portion of the tax is capped at 25% (0.25), the ballot question to implement the change must include both an alternative homestead exemption and the sales-and-use tax, and any capital distributions to municipalities would be allocated in the same proportions used under SPLOST. Committee members said…
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