South Carolina Statutes
§ 59-71-520 — Revision of retail sales tax not precluded by pledge.
South Carolina § 59-71-520
This text of South Carolina § 59-71-520 (Revision of retail sales tax not precluded by pledge.) 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. § 59-71-520 (2026).
Text
The pledge of such revenue derived from such retail sales tax shall not preclude the revision of such retail sales tax as to rate or as to the item taxed, either or both, if the State Auditor shall certify that his estimate of the revenue to be derived annually from the tax as thus revised will not be less than one hundred and fifty per cent of that sum which is equal to the maximum annual principal and interest requirements on all State school bonds outstanding or then requested to be issued on the date such certificate bears. Such certificate shall be appended to the enrolled act reducing such tax and be presented to the joint assembly of the General Assembly on the occasion such act is presented for ratification.
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Legislative History
HISTORY: 1962 Code SECTION 21-999.7; 1952 Code SECTION 21-999.7; 1951 (47) 546.
Nearby Sections
15
§ 59-71-10
Short title.§ 59-71-100
Place of payment.§ 59-71-110
Interest rate.§ 59-71-120
Execution of bonds.§ 59-71-130
Sale of bonds.§ 59-71-140
Minimum sales price.§ 59-71-150
Credit pledged for payment; tax.§ 59-71-160
Exemption of bonds from taxes.§ 59-71-170
Bonds as legal investments.§ 59-71-180
Deposit and use of proceeds.§ 59-71-20
Definitions.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 59-71-520, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/71/59-71-520.