12/16/2023 0 Comments Jasper county sc treasurer![]() The State Treasurer's Office allocates 71 percent of LOST revenue generated in the county to the Property Tax Credit Fund. The smaller check represents the Municipal Revenue Fund allocation. The larger of the two checks is the Property Tax Credit Fund allocation. The State Treasurer's Office issues two checks each month to the county and its municipalities. There, the total countywide LOST collections are split into two separate accounts: the Property Tax Credit Fund and the County/Municipal Revenue Fund. The South Carolina Department of Revenue collects LOST revenue generated in participating counties and remits it to the State Treasurer's Office. LOST is a 1-percent levy approved by voters at the county level and applied to taxable sales in that county. Thirty-one of the state's 46 counties have enacted the sales tax. ​Since its creation more than 25 years ago, the Local Option Sales Tax has provided property tax relief to hundreds of thousands of South Carolina homeowners and has become a widely used revenue source for many local governments. South Carolina Other Retirement Benefits Employer Trust.SC Municipal Insurance and Risk Financing Fund.Municipal Elected Officials Institute of Government.Municipal Clerks and Treasurers Institute.Advanced Municipal Elected Officials Institute.SC Municipal Human Resources Association.SC Municipal Finance Officers, Clerks and Treasurers Association.SC Business Licensing Officials Association. ![]()
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