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Revenue Department OK's Toombs "LOST" Diistribution
Tuesday, 22 October 2013

October 22--  Revenue from Local Option Sales Tax Collections (LOST) will continue to be collected and distributed to Toombs County and its three towns.

A spokesman for the Georgia Department of Revenue said the department will continue to use the distribution formula which was agreed upon by the four governing bodies in resolutions sent to Atlanta last Tuesday.

Last year a Superior Court judge set the distribution scheme after Toombs County took the cities to court in an unsuccessful effort to gain more tax money.

Earlier this month the Georgia Supreme Court ruled that judges lack the constitutional authority to set tax distribution.  However, because the current governments in Toombs County have agreed with the judge's formula, there will be no disruption in the local sales tax revenue.

That's good news for property owners according to Vidalia city manager Bill Torrance, "This local option sales tax is a direct dollar-for-dollar tax relief for property taxpayers.  It protects that and insures we can rollback property taxes to compensate for the taxes we get from the sales tax.  We're excited about it and I hope we don't have to go through that again."

 
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