Super FILOT (large investment)
South Carolina offers an enhanced Fee-in-Lieu of Property Taxes incentive known as the Super FILOT for projects involving substantial capital investment.
The Super FILOT allows qualifying companies to negotiate an even lower property tax assessment rate than is available under a standard FILOT agreement.
Eligibility requirements
A Super FILOT may be negotiated if a company meets one of the following thresholds:
- Invests more than $400 million; or
- Invests more than $150 million and creates at least 125 net new jobs.
Projects meeting either of these criteria may be eligible for enhanced property tax benefits.
Assessment rate benefit
Under a Super FILOT arrangement, the negotiated assessment rate may be reduced to as low as 4%. This reduction represents additional savings beyond the standard FILOT structure and is designed to support large-scale capital investment projects.
Frequently asked questions
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