What is LOST?

Local Option Sales Tax (LOST) is a one percent sales and use tax enacted by a local referendum and imposed on the purchase, sale, rental, storage, use, or consumption of tangible personal property and related services. LOST is imposed on the sale of motor fuels, and in most counties, LOST also applies to the sale of food and alcoholic beverages. LOST revenues are shared by county governments and municipalities based on an agreed upon distribution. LOST revenues are used to reduce property taxes. This reduction is shown on property tax statements as a Sales Tax Credit.

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1. What is the sales tax rate in Coweta County?
2. What is LOST?
3. What is SPLOST?
4. What is ESPLOST?
5. How long is SPLOST effective?
6. What are capital outlay projects?
7. When did SPLOST become effective?
8. Why is SPLOST important?
9. Who contributes to SPLOST?
10. Is SPLOST a new tax?
11. Can SPLOST funds be used to construct projects for local charities or other nonprofit organizations?
12. What is an example of a SPLOST project?
13. What will happen if SPLOST does not get renewed?
14. What is the potential impact on property taxes (millage rates) without SPLOST?