GA HB560

Exempts construction materials used in school capital outlay projects from local sales and use taxes for local school systems that have homestead exemptions in effect, with schools claiming refunds after taxes are paid; this exemption automatically repeals December 31, 2033

Maintains the 2% cap on local sales and use taxes while clarifying that taxes exceeding this limit as of July 1, 2025 may continue until expiration but cannot be renewed

Allows special district sales and use taxes for property tax relief to be imposed in 0.05% increments up to 1%, requiring intergovernmental agreements between counties and municipalities representing at least 50% of residents

Revises LOST distribution certificate procedures to allow submitting jurisdictions to specify distribution percentages for "absent" political subdivisions (including counties) when their combined population is less than half of all qualified municipalities in the special district

LOST distribution certificate changes apply only to certificates entered into on or after January 1, 2028