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.
| State or Territory: | South Carolina |
| Effected Jurisdiction: | Charleston County |
Jurisdiction type: | County |
| Fiscal year ending In: | 2017 |
| Program name: | Fee 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 taxes: | Property Tax |
| Method of abatement: | Tax Abatement |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $2,199,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $2,199,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | Unlike 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. |
