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: | Cherokee County School District 1 |
Jurisdiction type: | School district |
Fiscal year ending In: | 2018 |
Program name: | Fee-in-Lieu of Tax Program (FILOT) |
Program purpose: | Business attraction/retention/expansion |
Statutory authority: | (not specified) |
Abating jurisdiction(s): | Cherokee County |
Applicable taxes: | Property Tax |
Method of abatement: | Tax Exemption; Tax Credit |
Provisions for recapture: | (not specified) |
Gross revenue loss: | $9,470,820 |
Reimbursement / offset: | $3,535,487 |
Net revenue loss: | $5,935,333 |
Type of loss: | Passive |
Additional notes on dislosure: | (none) |