South Carolina Statutes
§ 59-20-25 — Index of taxpaying ability as applied to area in which a tax increment financing plan is in effect.
For the purposes of computing the 'index of taxpaying ability' pursuant to item (3) of Section 3 of Act 163 of 1977 (South Carolina Education Finance Act) for any area in which tax increment financing plan is in effect the value to be used shall be the original assessed value plus any portion of the captured assessed value which is distributed among taxing authorities pursuant to Section 31-8-120.
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South Carolina § 59-20-25 (Index of taxpaying ability as applied to area in which a tax increment financing plan is in effect.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1981 Act No. 164, SECTION 3.
Nearby Sections
15
§ 59-20-10
Short title.§ 59-20-20
Definitions.§ 59-20-23
Index of taxpaying ability calculation.§ 59-20-25
Index of taxpaying ability as applied to area in which a tax increment financing plan is in effect.§ 59-20-30
Declaration of legislative purpose.§ 59-20-40
Determination of annual allocations.§ 59-20-41
Inclusion of children admitted to residential institutions of the Department of Mental Health.§ 59-20-55
Proficiency requirements for teachers.