Thursday, March 2, 2017

TSPLOST Starts April 1


TSPLOST is Coming!

Following the passage of the TSPLOST referendum in November, the Fulton County sales tax rate outside the City of Atlanta will change from 7 percent to 7.75 percent beginning April 1, 2017.

The TSPLOST will apply to most taxable products and services.  Merchants in Fulton County outside the city of Atlanta should begin collection of the sales tax in compliance with Georgia Department of Revenue guidelines. 

Businesses will begin reporting and remitting the Fulton TSPLOST to the Department of Revenue on May 20, 2017. Because TSPLOST is a fractional tax, note that statute requires rounding to the third decimal point.

 The Fulton County TSPLOST will fund more than $570 million in transportation investments for Fulton County outside Atlanta over the next 5 years.  Construction for some Phase I projects will begin later this summer.

Within the city of Atlanta, the sales tax will also change, following passage of the City of Atlanta’s TSPLOST and MARTA Referenda in November.  The total sales tax rate inside the City of Atlanta will change from 8 percent to 8.5 percent beginning March 1, 2017 when collection of the Atlanta MARTA Sales Tax begins. The total sales tax rate will increase again on April 1, 2017, rising from 8.5 percent to 8.9 percent, when the Atlanta TSPLOST begins.



No comments:

Post a Comment