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: | Richland County |
Jurisdiction type: | County |
| Fiscal year ending In: | 2023 |
| Program name: | Special 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 taxes: | Property 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: | $777,310 |
| Reimbursement / offset: | $1,671,161 |
| Net revenue loss: | $0 |
| Type of loss: | Active |
| Additional notes on dislosure: | Agreements solely utilizing SRCC |
| Document source: | https://www.richlandcountysc.gov/Portals/0/Departments/Finance/CAFR/ACFR... |
