SPLOST (Special Purpose Local Option Sales Tax)

SPLOST (Special Purpose Local Option Sales Tax) is a dedicated sales tax authorized by local governments, usually for specific projects like infrastructure, schools, or public facilities. Collected from retail sales within the jurisdiction, the revenue isused exclusively for those designated projects. It often requires voter approval before implementation and is typically levied for a set period. SPLOST allows communities to fund large-scale improvements without raising property taxes, and because it’s based on sales, revenue can fluctuate with economic conditions. This approach ensures that those who benefit from the projects contribute to their funding.