The bill S. 298 proposes an amendment to Section 4-10-330 of the South Carolina Code of Laws, which pertains to the contents of ballot questions and the permissible uses of capital project sales tax proceeds. The key change introduced by this bill is the inclusion of "workforce housing" as an allowable type of project for which the proceeds from the sales tax can be utilized. This addition aims to address housing needs within the community by allowing local governments to allocate funds from the capital project sales tax towards the development of workforce housing.

In the amended section, the bill specifies that the sales and use tax, imposed by a county's governing body, must detail the intended use of the tax proceeds, which now explicitly includes workforce housing alongside other project types such as infrastructure, public facilities, and environmental projects. The bill outlines the requirements for the ordinance, including the maximum duration for which the tax may be imposed and conditions related to the issuance of bonds for project funding. The act will take effect upon the Governor's approval.

Statutes affected:
01/30/2025: 4-10-330
Latest Version: 4-10-330