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Act 388 and the minimum guarantee
Saltzman, Ellen W. Ulbrich, Holley H. Jim Self Center on the Future
Saltzman, Ellen W.
Ulbrich, Holley H.
Jim Self Center on the Future
Issue Date
2014-01
Type
Text
Keywords
Property tax relief--South Carolina, Property tax--Law and legislation--South Carolina, School districts--South Carolina--Finance
Abstract
Act 388 of 2006 provided relief to South Carolina homeowners from school property taxes, resulting in a substantial shift in state education funds among school districts. This report focuses on only one aspect of Act 388, the guarantee of a minimum of $2.5 million per county in Act 388 funds. Counties whose school districts received less than a combined $2.5 million were to receive supplemental tax relief to bring them up to that level. This supplemental tax relief came to $20.4 million in 2011-12, which accounted for an average of 5.6 percent of all state funds distributed to 28 recipient school districts
Rights
Copyright status determined to be in the public domain on April 27, 2020 by United States Supreme Court ruling (Georgia et al., Petitioners v. Public.Resource.Org, Inc. : 590 U.S.__(2020))