South Carolina § 5-21-60 Prorating of municipal business license taxes on business establishments annexed into municipalities.

South Carolina Statutes

§ 5-21-60 — Prorating of municipal business license taxes on business establishments annexed into municipalities.

South Carolina § 5-21-60

Title 5MUNICIPAL CORPORATIONS

Ch. 21FINANCIAL MATTERS GENERALLY

This text of South Carolina § 5-21-60 (Prorating of municipal business license taxes on business establishments annexed into municipalities.) 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. § 5-21-60 (2026).

Text

Notwithstanding any other provision of law, when any business establishment is annexed into the corporate limits of a municipality which has a business license tax, the tax for the business concerned for the year in which the annexation became effective shall be prorated so that the amount payable shall be one-twelfth of the annual tax multiplied by the number of full months of the tax year the business was located within the corporate limits. The provisions of this section shall apply to the year 1976 and each year thereafter.

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Notwithstanding any other provision of law, when any business establishment is annexed into the corporate limits of a municipality which has a business license tax, the tax for the business concerned for the year in which the annexation became effective shall be prorated so that the amount payable shall be one-twelfth of the annual tax multiplied by the number of full months of the tax year the business was located within the corporate limits. The provisions of this section shall apply to the year 1976 and each year thereafter.