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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.

State or TerritorySouth Carolina
Effected JurisdictionLexington County School District 4
Jurisdiction type: School district
Fiscal year ending In2018
Program nameFee-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): Lexington County
Applicable taxesProperty Tax
Method of abatement: Reduction of assessment, millage rate, and millage rate changes
Provisions for recapture: (not specified)
Gross revenue loss: $397,894
Reimbursement / offset: $45,716
Net revenue loss: $352,178
Type of loss: Passive
Additional notes on dislosure(none)