South Carolina Statutes
§ 59-20-25 — Index of taxpaying ability as applied to area in which a tax increment financing plan is in effect.
South Carolina § 59-20-25
This text of South Carolina § 59-20-25 (Index of taxpaying ability as applied to area in which a tax increment financing plan is in effect.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.C. Code Ann. § 59-20-25 (2026).
Text
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.
Free access — add to your briefcase to read the full text and ask questions with AI
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.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 59-20-25, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/20/59-20-25.