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: | Colleton County School District |
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: | South Carolina Code Title 12, Chapter 44 and Title 4, Chapter 12 |
| Abating jurisdiction(s): | Colleton County |
| Applicable taxes: | Property Tax |
| Method of abatement: | Reduction of assessment, millage rate, and millage rate changes |
| Provisions for recapture: | Repayment of incentive is required by state law if taxpayer fails to meet statutory minimum investment requirement. Other recapture provisions may be negotiated (such as a pro rata clawback for failure to meet and/or maintain jobs/investment). |
| Gross revenue loss: | $250,453 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $250,453 |
| Type of loss: | Passive |
| Additional notes on dislosure: | (none) |
