South Carolina § 3-7-150 Basis of payments of sums in lieu of taxes.

South Carolina Statutes

§ 3-7-150 — Basis of payments of sums in lieu of taxes.

South Carolina § 3-7-150

Title 3UNITED STATES GOVERNMENT, AGREEMENTS AND RELATIONS WITH

Ch. 7AGREEMENTS WITH UNITED STATES

This text of South Carolina § 3-7-150 (Basis of payments of sums in lieu of taxes.) 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. § 3-7-150 (2026).

Text

The amount of any payment of sums in lieu of taxes may be based on the estimated costs to each political subdivision, for and on whose behalf an agreement is entered into, of performing services for the benefit of a project during the period of an agreement, after taking into consideration the benefits to be derived by the political subdivision from such project, but shall not be in excess of the taxes which would result to the political subdivision for such period if the real property of the project within the political subdivision were taxable.

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The amount of any payment of sums in lieu of taxes may be based on the estimated costs to each political subdivision, for and on whose behalf an agreement is entered into, of performing services for the benefit of a project during the period of an agreement, after taking into consideration the benefits to be derived by the political subdivision from such project, but shall not be in excess of the taxes which would result to the political subdivision for such period if the real property of the project within the political subdivision were taxable.