Georgia CommonsTitle 48. REVENUE AND TAXATION · Chapter 8. SALES AND USE TAXES · Article 2B. SPECIAL DISTRICT OPTION SALES AND USE TAX
48-8-109.36. Disbursement of proceeds.
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
The proceeds of the tax collected by the commissioner under this article shall be disbursed as soon as practicable after collection as follows:
- (1)
One percent of the amount collected shall be paid into the general fund of the state treasury to defray the costs of administration; and#
- (2)
The remaining proceeds of the tax shall be distributed to the county whose boundary is conterminous with the boundary of the special district to be distributed thereafter by such county among the political subdivisions within the special district in accordance with the distribution schedule, which shall be prescribed in the intergovernmental agreement imposing the tax.#
History
Code 1981, § 48-8-109.36, enacted by Ga. L. 2024, p. 20, § 3-2/HB 581.
Editor's notes
Ga. L. 2024, p. 20, § 4-1/HB 581, not codified by the General Assembly, makes this Code section applicable to taxable years beginning on or after January 1, 2025. For information as to the effective date of this Code section, see the delayed effective date note at the beginning of this article.
Read the official page (the state's PDF, opened at the page this text was read from).
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
Text read from t48-ch7-8-(v37)-2024-pdf.pdf, Volume V37, 2024 edition, pages 962 to 963; merge action: annotated; file SHA-256 94ae5e1b204a.
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