South Carolina Statutes
§ 6-25-129 — Governmental functions; state tax exemption.
South Carolina·Title 6 LOCAL GOVERNMENT—PROVISIONS APPLICABLE TO SPECIAL PURPOSE DISTRICTS AND OTHER POLITICAL SUBDIVISIONS·Ch. 25 JOINT AUTHORITY WATER AND SEWER SYSTEMS ACT
A joint system is an instrumentality of local government, and is authorized by this chapter exclusively for the performance of governmental functions, and the income of a joint system is exempt from state taxes.
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South Carolina § 6-25-129 (Governmental functions; state tax exemption.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1999 Act No. 113, SECTION 2; 2007 Act No. 59, SECTION 1, eff June 6, 2007. Effect of Amendment The 2007 amendment reprinted this section with no apparent change.
Nearby Sections
15
§ 6-25-10
Short title.§ 6-25-100
Powers of joint system.§ 6-25-114
Issuance of refunding bonds.§ 6-25-115
Financing pools and construction notes.§ 6-25-125
Charges for services; pledges.