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Daily Tax Report: State

South Carolina Court of Appeals Decides Granting Property Tax Credits to Dormitories Didn’t Violate Constitution

July 9, 2020, 5:00 AM

The South Carolina Court of Appeals July 8 found that granting special source revenue credits to multi-story student dormitories didn’t violate the state constitution. Two counties entered into an agreement to develop the I-77 Corridor Regional Industrial Park, which received tax incentives. The city of Columbia allowed the dormitories to be constructed as part of the park. The South Carolina Public Interest Foundation contended that the inclusion of the dormitories in a multicounty business and industrial park violated the constitution. The circuit court dismissed the foundation’s motion. The foundation appealed, contending that the dormitories were residential and didn’t fall within...

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