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S.C. Code Ann. tit. 12, ch. 44 – Fee in Lieu of Tax Simplification Act | Midpage
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South Carolina Code of Laws
Title 12
Chapter 44
S.C. Code Ann. tit. 12, ch. 44
Fee in Lieu of Tax Simplification Act
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 from ad valorem taxation; exemption period; inducement resolution; location of exempt property; criteria to qualify as economic development property
12-44-50
Contents of fee agreement; disposal of economic development property; reduction of fee
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 date of payments and returns
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
12-44-110
Property previously subject to state property taxes not qualified to be economic development property; exceptions
12-44-120
Transfers of interest in fee agreement and economic development property; sale-leaseback arrangement; requirements
12-44-130
Minimum investment to qualify for fee; notice to department of all sponsors or sponsor affiliates with investments subject to fee
12-44-140
Termination of fee agreement; automatic termination; minimum level of investment required to remain qualified for fee
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
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 arrangement provided for by this chapter