TITLE 48 REVENUE AND TAXATION

Section 8. Sales and Use Taxes, 48-8-1 through 48-8-278.

ARTICLE 4 WATER AND SEWER PROJECTS AND COSTS TAX (MOST)

48-8-206. Disbursement of proceeds.

The proceeds of the tax collected by the commissioner in each municipality under this article shall be disbursed as soon as practicable after collection as follows:

1. One percent of the amount collected shall be paid into the general fund of the state treasury in order to defray the costs of administration; and
2. The remaining proceeds of the tax shall be distributed to the governing authority of the municipality imposing the tax.

(Code 1981, §48-8-206, enacted by Ga. L. 2004, p. 69, § 7; Ga. L. 2005, p. 60, § 48/HB 95.)