« 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 JurisdictionRichland County
Jurisdiction type: County
Fiscal year ending In2022
Program nameSpecial Source Revenue Credit
Program purpose: General Economic Development
Statutory authority: Section 4-1- 175 of the Code of Laws of South Carolina 1976
Abating jurisdiction(s): Richland County
Applicable taxesProperty Tax
Method of abatement: Tax Abatement
Provisions for recapture: In the instances where the County has entered into an agreement to affect the SSRC program, if the taxpayer does not meet the commitments as set forth in the agreement, the County frequently reserves the right to require the taxpayer to repay to the County, either all or some other portion, as determined by formula, of the credit received by the taxpayer under the SSRC program.
Gross revenue loss: $737,839
Reimbursement / offset: $1,025,330
Net revenue loss: $0
Type of loss: Active
Additional notes on dislosureAgreements solely utilizing SRCC
Document sourcehttps://www.richlandcountysc.gov/Portals/0/Departments/Finance/CAFR/ACFR...