« Return to search form

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
Effected JurisdictionLexington County School District 5
Jurisdiction type: School district
Fiscal year ending In2020
Program nameFee-in-Lieu of Tax Program (FILOT)
Program purpose: Business attraction/retention/expansion
Statutory authority: (not specified)
Abating jurisdiction(s): Lexington County
Applicable taxesProperty Tax
Method of abatement: Reduction of assessment, millage rate, and millage rate changes (FILOT); Tax Credit (IP)
Provisions for recapture: (not specified)
Gross revenue loss: $192,044
Reimbursement / offset: $53,453
Net revenue loss: $138,591
Type of loss: Passive
Additional notes on dislosure(none)