Tax & Accounting Blog

Georgia Transportation Tax Majorly Defeated

Indirect Tax, ONESOURCE, ONESOURCE Property Tax, Sales and Use Tax August 9, 2012

 Despite having the support of the Governor, Atlanta Mayor, and both chambers of commerce, the long proposed Transportation Special Purpose Local Option Sales Tax (T-SPLOST) was heavily rejected by all but three of the twelve specialty regions in a primary election.  In those three regions, residents will see an increase in their tax rates to fund projects they had outlined.  Chalking this up as a major victory, the Tea Party paired with the NAACP and Sierra Club have offered a proposal of their own to provide funding to various transportation projects.  Maintaining that there is no alternate plan, both the Governor and Atlanta Mayor haven’t indicated that they would want to try again after the bill that took 4 years to bring to a vote faced such strong opposition.