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TSPLOST PowerPoint

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TSPLOST
TRANSPORTATION SPECIAL PURPOSE LOCAL OPTION SALES TAX

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FACTS
 The Transportation Investment Act was signed into law in June 2010, putting the future of Georgia's
transportation...

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WHAT IS TSPLOST
 Allows our county to implement a 1% sales tax to fund transportation improvements
 TSPLOST is a Transpo...

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TSPLOST PowerPoint

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A special-purpose local-option sales tax (SPLOST) is a financing method for funding capital outlay projects in the U.S. state of Georgia. It is an optional 1% sales tax levied by any county for the purpose of funding the building of parks, schools, roads, and other public facilities.

A special-purpose local-option sales tax (SPLOST) is a financing method for funding capital outlay projects in the U.S. state of Georgia. It is an optional 1% sales tax levied by any county for the purpose of funding the building of parks, schools, roads, and other public facilities.

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TSPLOST PowerPoint

  1. 1. TSPLOST TRANSPORTATION SPECIAL PURPOSE LOCAL OPTION SALES TAX
  2. 2. FACTS  The Transportation Investment Act was signed into law in June 2010, putting the future of Georgia's transportation in the voters’ hands.  Georgians voted on the tax in the 2012 primary elections and this passed in Liberty County but not the region making us ineligible for the TSPLOST.  With the adoption of the TSPLOST our local governments will choose projects to invest in such as a “pot hole posse”, multi-use paths, local road improvements or other transportation projects.  To provide another transportation funding option, the Georgia General Assembly passed a Single County TSPLOST in 2015. The Single County TSPLOST allows individual counties that are not part of a regional effort to levy a sales tax solely dedicated for transportation purposes.  For Liberty County this means millions raised in transportation funding over the course of the 5-year cycle.
  3. 3. WHAT IS TSPLOST  Allows our county to implement a 1% sales tax to fund transportation improvements  TSPLOST is a Transportation Special Purpose Local Option Sales Tax that can only be used for roads, bridges, airports, safety improvements, transit, maintenance and operations.
  4. 4. TSPLOST & OTHER TAXES  Does TSPLOST impact property taxes?  No. A TSPLOST is a consumption tax, not a property tax. It is charged on goods purchased in Liberty County, regardless of where the purchaser resides. A primary goal for the TSPLOST is to maintain the current millage rate and prevent it from increasing  How will TSPLOST impact sales tax on new vehicle purchases?  T-SPLOST will not have any impact on purchases of new vehicles or automobiles. The Georgia General Assembly adopted the Title Ad Valorem Tax (TAVT) in 2012 and it took effect on March 1, 2013. As a result of the new state law, purchasers of new vehicles now pay a one-time tax that is imposed on the fair market value of the vehicle at the time of sale. The rate of tax, currently at 7%, is set by the Commissioner of the Georgia Department of Revenue. The TAVT rate on new vehicles will be the same throughout the state of Georgia.
  5. 5. LOCAL TSPLOST TIMELINE  Official meetings begin in March  May 2019-project list developed  June 2019-finalize project list & draft intergovernmental agreements  August 2019-adoption of agreements by local government  September 2019-resolution of election to be adopted by BOC  October-November 2019-publication of notice of election  March 2020-election
  6. 6. LARGEST PROJECT  Hwy 196/84 Freight Connector
  7. 7. GOOD NEWS  It should only take 1 round of TSPLOST (5 years) to fund projects
  8. 8. HOW CAN YOU HELP  Marketing  Fundraising  Education  Encourage people to vote
  9. 9. CURRENT MARKETING SPONSORS  Trent Long Engineering  Hinesville Area Board of Realtors  PC Simonton & Associates  State Farm-Melissa Carter Ray
  10. 10. WHAT DOES THAT MONEY PAY FOR  Brochures  Rack cards  Billboards  Yard signs  Social media boosts  Direct mail  Newspaper ads  And more
  11. 11. CONTACT INFO  Leah Poole, CEO Liberty County Chamber/CVB  director@libertycounty.org  912.222.4835

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