South Carolina Code of Laws — Title 12 (Taxation)

S.C. Code Ann. § 12-37-940 — Valuation of certain kinds of personal property

The following articles of personal property shall be valued for taxation, as follows, to wit: leasehold estates held for any definite term, at the yearly value thereof to the lessee; annuities, at the yearly value thereof to the owner at the time of listing; and leasehold estates held on perpetual lease or for a term certain renewable forever at the option of the lessee, at the full value of the land.

Last amended: 1962 Code SECTION 65-1649; 1952 Code SECTION 65-1649; 1942 Code SECTION 2697; 1932 Code SECTION 2697; Civ. C. '22 SECTION 432; Civ. C. '12 SECTION 380; Civ. C. '02 SECTION 338; G. S. 220; R. S. 271; 1881 (17) 1006; 2015 Act No. 87 (S.379), SECTION 13, eff June 11, 2015. Effect of Amendment 2015 Act No. 87, SECTION 13, amended the section by deleting determination of value of money, bank bills, and like items.

Source: official text