South Carolina Statutes
§ 59-53-1787 — Exemption from taxes and assessments.
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 property or upon any of its activities or operations or the income from them, or any taxes or assessments upon any property acquired or used by the authority or upon the income from them. Any bonds, notes, or other obligations or indebtedness issued by the authority 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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Legislative History
HISTORY: 2004 Act No. 200, SECTION 4, eff April 26, 2004. ARTICLE 21 Career and Technology Training
Nearby Sections
15
§ 59-53-1010
Creation of commission; membership; officers.§ 59-53-1030
Powers of Commission.§ 59-53-1040
Accounts of commission; audits.§ 59-53-1050
Reports.§ 59-53-1060
Apportionment of expenses.§ 59-53-1120
Powers and duties; name of institution.§ 59-53-1140
Submission of annual budget.§ 59-53-1210
Creation of district; commission.§ 59-53-1220
Membership of Commission; officers.§ 59-53-1230
Technical education center.