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 capital project sales tax can be utilized. This addition aims to address housing needs within the community by allowing local governments to allocate funds towards the development of workforce housing.

In addition to the new insertion regarding workforce housing, the bill maintains the existing framework for the sales and use tax, which requires an enacting ordinance from the county governing body and specifies various types of projects that can be funded. The bill outlines the necessary conditions for the imposition of the tax, including the maximum duration for which the tax can be levied and the requirements for issuing bonds related to the projects. The act will take effect upon approval by the Governor.

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