South Carolina Code of Laws — Title 12 (Taxation)
S.C. Code Ann. § 12-44-70
Use of revenues
Official textscstatehouse.gov
A county, municipality, or special purpose district that receives and retains revenues from a payment in lieu of taxes may use a portion of the revenues for the purposes outlined in Section 4-29-68 without the requirements of issuing special source revenue bonds or complying with Section 4-29-68(A)(4) by providing a credit against or payment derived from the fee due from a sponsor.
Source: view the official text
In this chapter (18 sections)
- 12-44-10 · Short title
- 12-44-20 · Legislative findings
- 12-44-30 · Definitions
- 12-44-40 · Fee agreement; economic development property to be exempt…
- 12-44-50 · Contents of fee agreement; disposal of economic development…
- 12-44-55 · Agreements; content requirements
- 12-44-60 · Replacement property; qualifications and conditions
- 12-44-70 · Use of revenues
- 12-44-80 · Distribution of fee payments
- 12-44-90 · Filing of returns, contracts, and other information; due…
- 12-44-100 · Sponsor committed to enhanced investment to continue to…
- 12-44-110 · Property previously subject to state property taxes not…
- 12-44-120 · Transfers of interest in fee agreement and economic…
- 12-44-130 · Minimum investment to qualify for fee; notice to department…
- 12-44-140 · Termination of fee agreement; automatic termination;…
- 12-44-150 · Projects to be taxable property at level of negotiated…
- 12-44-160 · Transfer of title; qualification for a fee in lieu of taxes
- 12-44-170 · Economic development property; transfer of property to fee…