Local Option Sales Tax information sessions hit the road in September
Georgetown County officials will hit the road in September with several opportunities for residents to learn about the proposed Local Option Sales Tax (LOST). A referendum on the tax will appear on the Nov. 3 ballot. Residents will be asked to decide whether a 1% sales and use tax should be imposed, with at least 71% of funds raised going to residents in the form of property tax rollbacks.
Scheduled sessions are as follows:
- Sept. 9, 6 p.m. -- Community presentation at Choppee Recreation Center, 8259 Choppee Rd., Georgetown
- Sept. 10, 9 a.m. to 3 p.m. -- Drop-in event at Murrells Inlet Community Center, 4462 Murrells Inlet Rd., Murrells Inlet
- Sept. 14, 6 p.m. -- Presentation at County Council District 3 Town Hall Meeting, Lambertown Community Center, 1540 Dawhoo Lake Rd., Georgetown.
- Sept. 24, 6 p.m. -- Community presentation at Andrews Recreation Center, 220 S. Cedar Ave., Andrews
- Sept. 26, 3 p.m. -- Exhibit booth at D9 Greek Festival at Mike Johnson Park, 225 S. Kaminski St., Georgetown
A Local Option Sales Tax is designed to reduce the property tax burden on local residents while allowing visitors and other nonresident consumers to help support the services they use while in the community. Under state law, up to 71% of the revenue would be dedicated directly to property tax rollbacks for primary and secondary residences, vehicles, boats, and other taxable property. The remaining 29% could be used to support government operations, services and community projects at both the county and municipal levels, including additional tax relief.
If approved by voters in November, the measure would add 1 cent to each dollar spent on items subject to sales tax. Unprepared food items, prescription medications, and other items already exempt from South Carolina’s 6% sales tax would remain exempt from the additional 1% tax.
“This is an opportunity to make living in Georgetown County more affordable and provide meaningful relief to property owners,” said County Administrator Angela Christian. “It also allows visitors to share in the cost of the public services and infrastructure they use while enjoying our community.”
Thirty-two of South Carolina’s 46 counties currently have a Local Option Sales Tax in place.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
