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.
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