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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 JurisdictionCharleston County
Jurisdiction type: County
Fiscal year ending In2018
Program nameFee in Lieu of Taxes (FILOT)
Program purpose: General Economic Development
Statutory authority: SC Code subsection 12-37-220 (A) (7)
Abating jurisdiction(s): Charleston County
Applicable taxesProperty Tax
Method of abatement: Tax Abatement
Provisions for recapture: (not specified)
Gross revenue loss: $3,061,712
Reimbursement / offset: $0
Net revenue loss: $3,061,712
Type of loss: Active
Additional notes on dislosureUnlike other counties in South Carolina, Charlestown County declines to report their FILOT abatements, saying they do not qualify under GASB 77. We know that Charlestown County has made very large abatements to Boeing, and this is some of what may have been omitted from disclosure.