The obligations authorized by this chapter and the income from the obligations and all security agreements and indentures executed as security for the obligations made pursuant to the provisions of this chapter and the revenue derived from the obligations are exempt from all taxation in the State of South Carolina except for inheritance, estate, or transfer taxes and all security agreements and indentures made pursuant to the provisions of this chapter are exempt from all state stamp and transfer taxes.
HISTORY: 1984 Act No. 452, Section 1.
Structure South Carolina Code of Laws
Title 31 - Housing and Redevelopment
Chapter 6 - Tax Increment Financing For Redevelopment Projects
Section 31-6-20. Declaration of legislative findings.
Section 31-6-40. Issuance of obligations for redevelopment costs; security; manner of retirement.
Section 31-6-50. Application of proceeds of obligations.
Section 31-6-60. Exemption of obligations and interest thereon from South Carolina taxes.
Section 31-6-85. Intergovernmental agreement for redevelopment project.
Section 31-6-90. Persons displaced by redevelopment project.
Section 31-6-100. Assessment of value of real estate in redevelopment project area.
Section 31-6-120. Project located within more than one municipality.