Penny sales tax approved for SC

AIKEN COUNTY, SC (WFXG) - The South Carolina General Assembly approved a new sales tax bill Thursday that could help with school construction in Aiken.

The bill, formally called the Education Capital Improvement Sales and Use Tax Act, allows the Aiken County Board of Education to ask voters to support a one cent sales tax increase to benefit school construction.

The bill could generate up to $15 million in  school construction needs, and 10% of the revenue would go to property taxes.

The school board agreed that the funding would be used to help speed up a complete rebuilding of Aiken High School and North Augusta High School in a ten year period. The revenue would also speed up the completion of Ridge Spring-Monetta High School.

Copyright 2014 WFXG. All rights reserved.