Impact of business incentives on general revenue, projected fiscal costs

Abstract

This report examines the impact of business development incentive programs on revenues in South Carolina’s general fund and on property tax revenues collected by local governments. It is an update to our 1997 report, Business Incentives: Projected Fiscal Costs,1 which was prepared as part of that year’s Fiscal Sustainability Project. Since the 1997 report, modifications have been made to several incentive programs. Certain adjustments have also been made in some of the earlier assumptions.