The bill H. 4808 aims to amend Section 4-1-170 of the South Carolina Code of Laws, which pertains to joint county industrial or business parks. The proposed changes require that each affected school district receives a revenue share equivalent to what it would have received in property taxes had the joint park not been established. Additionally, if other taxing entities do not consent to the creation of the joint park, they must also receive the same portion of revenue as they would have from property taxes.

The amendments specify that the distribution of revenue to taxing entities within participating counties must be clearly outlined, ensuring that affected school districts and non-consenting taxing entities are fairly compensated. The bill emphasizes the necessity of obtaining consent from municipalities or other taxing entities if the joint park would alter their property tax revenue. This legislation is set to take effect upon approval by the Governor.

Statutes affected:
12/17/2025: 4-1-170
Latest Version: 4-1-170