Allows counties to impose an Education Capital Improvements Sales and Use Tax for property tax relief.

This bill amends the South Carolina Code to allow counties to impose an Education Capital Improvements Sales and Use Tax. Ten percent of the tax revenue must be used for property tax relief by offsetting the existing debt service millage levy on general obligation bonds. The tax can be imposed in counties with two school districts covering the entire county area, even if the county does not meet the collection requirements.

Allows counties to impose an Education Capital Improvements Sales and Use Tax for property tax relief.

This bill amends the South Carolina Code to allow counties to impose an Education Capital Improvements Sales and Use Tax. Ten percent of the tax revenue must be used for property tax relief by offsetting the existing debt service millage levy on general obligation bonds. The tax can be imposed in counties with two school districts covering the entire county area, even if the county does not meet the collection requirements.