Capital Project Sales Tax Now Being Collected

Laurens County merchants began collecting the new 1% Capital Project Sales Tax this past weekend. The new tax approved last November to fund 16 projects in Laurens County went into effect Saturday, bringing the Sales and Use Tax to 8% in Laurens County. The SC Department of Revenue notes that taxpayers also paying an accommodations tax are now paying 9%.

$35 million generated by the tax is to fund projects that include new Clinton Regional Library, a county Agriculture and Business Center and a new Water Tower at Hickory Tavern for the Laurens County Water and Sewer Commission. Other projects include a new building to store evidence for the Sheriff’s Office that is to be constructed at the detention center in a place where it would fit into a new Law Enforcement Center, should one be constructed there in the future.

Laurens County will be issuing bonds to construct the projects, then use revenue from the new sales tax to repay them. The tax is to remain in effect up to eight years but is to cease before that when all bonds are repaid.

One other county has a new Capital Projects Sales Tax that also went into effect Saturday. Edgefield County expects to raise $10 million to construct a new county Law Enforcement Center.

As of Saturday, Hampton County’s sales tax rate dropped to 7% as a Capital Project Sales Tax ended there this weekend.