2017 South Carolina Code of Laws
Title 12 - Taxation
CHAPTER 44 - FEE IN LIEU OF TAX SIMPLIFICATION ACT
- Section 12-44-10. Short title.
- Section 12-44-20. Legislative findings.
- Section 12-44-30. Definitions.
- Section 12-44-40. Fee agreement; economic development property to be exempt from ad valorem taxation; exemption period; inducement resolution; location of exempt property; criteria to qualify as economic development property.
- Section 12-44-50. Contents of fee agreement; disposal of economic development property; reduction of fee.
- Section 12-44-55. Agreements; content requirements.
- Section 12-44-60. Replacement property; qualifications and conditions.
- Section 12-44-70. Use of revenues.
- Section 12-44-80. Distribution of fee payments.
- Section 12-44-90. Filing of returns, contracts, and other information; due date of payments and returns.
- Section 12-44-100. Sponsor committed to enhanced investment to continue to benefit from this chapter despite failure to make required investment where minimum investment met; assessment ratio.
- Section 12-44-110. Property previously subject to state property taxes not qualified to be economic development property; exceptions.
- Section 12-44-120. Transfers of interest in fee agreement and economic development property; sale-leaseback arrangement; requirements.
- Section 12-44-130. Minimum investment to qualify for fee; notice to department of all sponsors or sponsor affiliates with investments subject to fee.
- Section 12-44-140. Termination of fee agreement; automatic termination; minimum level of investment required to remain qualified for fee.
- Section 12-44-150. Projects to be taxable property at level of negotiated payments for purposes of bonded indebtedness and for computing index of taxpaying ability.
- Section 12-44-160. Transfer of title; qualification for a fee in lieu of taxes.
- Section 12-44-170. Economic development property; transfer of property to fee arrangement provided for by this chapter.
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