South Carolina Statutes
§ 6-13-260 — Exemption of evidences of indebtedness and district property from taxes.
South Carolina·Title 6 LOCAL GOVERNMENT—PROVISIONS APPLICABLE TO SPECIAL PURPOSE DISTRICTS AND OTHER POLITICAL SUBDIVISIONS·Ch. 13 RURAL COMMUNITY WATER DISTRICTS
(1)Bonds, notes or other evidences of indebtedness issued pursuant to SECTION 6-13-240 (22) and interest payable thereon are hereby exempted from any and all State, county, municipal and other taxation whatsoever under the laws of this State, and it shall be plainly stated on the face of each such obligation as follows: "The principal of and interest on this (bond, note, or other evidence of indebtedness) are exempted from any and all State, county, municipal and other taxation whatsoever under the laws of the State of South Carolina." (2) All property of the district shall be exempt from all ad valorem taxes levied by the State, county or any municipality, division, subdivision or agency thereof, direct or indirect.
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South Carolina § 6-13-260 (Exemption of evidences of indebtedness and district property from taxes.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1965 (54) 667.
Nearby Sections
15
§ 6-13-1000
Fiscal year; audits.§ 6-13-1010
Penalties; prohibited acts.§ 6-13-1020
Disposition of revenue.§ 6-13-1030
Contractual authority.§ 6-13-110
Protection of existing districts.§ 6-13-120
Procedure for dissolution of district.§ 6-13-20
Procedure for creation of district.§ 6-13-220
Service area.§ 6-13-250
Rates shall not be regulated.