The "I-95 Economic and Education Stimulus Act" proposes the establishment of the South Carolina Gaming Commission, which will be responsible for awarding casino licenses in designated counties along Interstate 95. The bill acknowledges that while casino gaming may not be suitable for most South Carolina communities, it could offer substantial economic advantages to rural and impoverished areas in this region. The act emphasizes the importance of regulating casino gaming to ensure it aligns with local economic conditions and enhances educational opportunities for children in these areas.

The legislation outlines the structure and duties of the Gaming Commission, which will consist of three members appointed by state leaders, and specifies the qualifications for these members. It details the process for issuing casino licenses, requiring applicants to conduct an economic impact study and make significant infrastructure investments. The initial license will be valid for 15 years, with a ten-year moratorium on additional licenses. The bill also establishes a monthly privilege tax of fifteen percent on adjusted gross gaming revenue, mandates electronic tax return submissions, and ensures that the commission operates without state general fund support. Additionally, it clarifies that individuals involved in licensed casino operations are exempt from gambling prohibitions, and the bill will take effect upon the Governor's approval.