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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateSouth Carolina
Reporting JurisdictionAbbeville County School District
Jurisdiction type: School district
Fiscal year ending In2020
Program nameFee-in-Lieu of Tax Program (FILOT)
Program purpose: Business attraction/retention/expansion
Statutory authority: South Carolina Code Title 12, Chapter 44 and Title 4, Chapter 12
Abating jurisdiction(s): Abbeville County
Applicable taxesProperty Tax
Method of abatement: Reduction of assessment, millage rate, and millage rate changes
Provisions for recapture: Repayments of any savings in Property Tax are required by state law if the taxpayer fails to maintain the conditions set forth in the agreement. Other recapture provisions may be negotiated on a case by case basis.
Gross revenue loss: $10,415
Reimbursement / offset: $0
Net revenue loss: $10,415
Type of loss: Passive
Additional notes on dislosure(none)