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SC counties give up millions in tax money for incentives

JULY 13, 2018 | by Brandon Herring | WBTW-TV NEWS (SOUTH CAROLINA)

“Thanks to a relatively new government accounting standard it is a little easier to see some of the tax money South Carolina counties give up each year. They give up that money in tax discounts to companies if those companies deliver a benefit such as job creation. … However, GASB No.77 is much more for accountants to use as a bond rating consideration - not public accountability. That is because what counties disclose varies widely.”

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