State law requires periodic renegotiation of the LOST distribution certificate. With the release of the 2020 Census data, all counties and municipalities that currently impose a LOST are required to renegotiate the distribution certificate for the proceeds of the tax on or before July 1, 2022. The Georgia Municipal Association prepares a publication to inform city officials who will be involved in the LOST renegotiation process about the requirements, processes, and timelines that are set forth in state law.
This publication is currently being updated to reflect changes in law and will be available soon.
This publication is for general informational purposes only. While some of the information contained in this publication is about legal issues, it is not and should not be treated as legal advice. You should consult with your legal counsel before taking action based on the information contained in this publication. Material posted in this publication may be subject to copyrights owned by GMA or others, and any reproduction, retransmission or republication of such material, except for personal use or with the prior written consent of GMA or other copyright owner, is prohibited. The names, trademarks, service marks, logos and other emblems of GMA in this publication may not be used without GMA's prior written express permission.I Accept (download)I Don't Accept