S.C. Code Ann. § 11-11-150
(A) In calculating estimated state individual and corporate income tax revenues for a fiscal year the Board of Economic Advisors shall deduct amounts sufficient to pay the reimbursement required pursuant to:
(1) Section 12-37-251 for the residential property tax exemption;
(1) Reserved;
[Applicable for property tax year 2006, this subparagraph reads as follows:]
(2) Section 12-37-270 for the homestead exemption for persons over age sixty-five or disabled;
[Applicable for property tax years beginning after 2006, this subparagraph reads as follows:]
[Applicable for property tax years beginning after 2006, this subparagraph reads as follows:]
[Applicable for property tax year 2006, this subparagraph reads as follows:]
(G)