South Carolina Statutes
§ 13-1-1450 — Bonds, revenue, and property of division to be tax exempt.
The bonds authorized by this article and the income therefrom, all trust indentures executed as security therefor, and all railroads and necessary equipment so long as owned by the division and the revenue derived therefrom shall be exempt from all taxation in the State of South Carolina except for inheritance, estate or transfer taxes; and all trust indentures made pursuant to the provisions of this article shall be exempt from South Carolina stamp and transfer taxes.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 13-1-1450 (Bonds, revenue, and property of division to be tax exempt.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1993 Act No. 181, SECTION 247, eff July 1, 1993.
Nearby Sections
15
§ 13-1-10
Department of Commerce established.§ 13-1-1000
Definitions.§ 13-1-1030
County-commission district overlap; consecutive terms; two commissioners from same county.§ 13-1-1060
Oath of office.§ 13-1-1080
Appointment of executive director.§ 13-1-1110
Organization and objectives of division.§ 13-1-1310
Division of Public Railways created.§ 13-1-1320
Definitions.§ 13-1-1330
Powers and duties of director of division.