Section 48-8-206. Disbursement of proceeds

Latest version.

   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.

                    
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