South Carolina Statutes
§ 11-37-210 — Tax exempt status of authority.
The authority in performing an essential governmental function in the exercise of the powers conferred upon it is not required to pay any taxes or assessments upon any project or any property or upon any of its operations or the income from them, or any taxes or assessments upon any project or any property or local obligation acquired or used by the authority or upon the income from them. Any bonds issued by the authority, the transfer of bonds, and the income from them, is free from taxation and assessment of every kind by the State and by the local governments and other political subdivisions of the State.
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South Carolina § 11-37-210 (Tax exempt status of authority.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1988 Act No. 682, SECTION 2.
Nearby Sections
15
§ 11-37-10
Citation of chapter.§ 11-37-110
Trust indenture.§ 11-37-130
Purchase of outstanding bonds.§ 11-37-170
Capital reserve funds.§ 11-37-180
Purchase of local obligations.§ 11-37-190
State grants.§ 11-37-20
Definitions.§ 11-37-210
Tax exempt status of authority.