South Carolina H4808 amends property tax distribution rules for multi-county industrial parks.
South Carolina H4808 amends the South Carolina Code to ensure that each affected school district receives the same portion of property tax revenue from a multi-county industrial park as they would have without the park. If a taxing entity does not consent to the creation of the joint park, it must still receive the same portion of the revenue. This act takes effect upon approval by the Governor.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.