South Carolina Statutes
§ 4-10-720 — Definitions.
As used in this article:
(1)"Class of property" means property classified for property tax purposes as provided pursuant to Section 1, Article X of the Constitution of this State and as further permitted in Section 12-43-220. Property subject to a fee in lieu of property taxes, as defined in Chapter 12, Title 4 is not included in this definition of a class of property. All classes of property are provided a credit against property tax liability as provided in this article.
(2)"Political subdivision" means a county, or a school district located wholly or partly within a county area, or both the county and a school district so located.
(3)"Property tax" means all property tax millage imposed for operating purposes by a political subdivision.
(4)"Property tax liability" means the amount o
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Legislative History
HISTORY: 2006 Act No. 388, Pt III, SECTION 1, eff January 1, 2007.
Nearby Sections
15
§ 4-10-10
Definitions.§ 4-10-100
Commencement of local sales and use tax.§ 4-10-1030
Imposition and termination of the tax.§ 4-10-1040
Administration and collection of the tax.§ 4-10-1050
Distributions to counties; confidentiality.§ 4-10-25
Construction contracts; application.§ 4-10-300
Short title.§ 4-10-310
Imposition of tax.§ 4-10-320
Commission creation; composition.