Each authority established, including any formed under Chapter 25 of Title 58 of the 1976 Code prior to the effective date of this chapter, exists for nonprofit and public purposes and is a public agency, and it is found and declared that the carrying out of the purpose of each authority is exclusively for public benefit and its property is public property. No authority shall pay any state or local ad valorem, income, sales, fuel, excise, or other use taxes or other taxes from which municipalities and counties are exempt. The South Carolina Department of Revenue is responsible for promulgating regulations necessary to effect fully this provision for tax exemption. The authority or operator providing public transportation on behalf of an authority may participate in the State Retirement System and utilize the services of the State Purchasing Department of the Division of General Services and any other joint activity of the State carried on for the benefit of state agencies and political subdivisions of the State. Operators providing public transportation on behalf of an authority shall not pay state and local fuel taxes from which municipalities and counties are exempt.
HISTORY: 1962 Code Section 59-128; 1973 (58) 726; 1985 Act No. 169, Section 2, eff July 1, 1985; 1992 Act No. 364, Section 3, eff July 1, 1992; 1993 Act No. 181, Section 1566, eff July 1, 1993.
Structure South Carolina Code of Laws
Title 58 - Public Utilities, Services and Carriers
Chapter 25 - Regional Transportation Authority Law
Section 58-25-10. Short title.
Section 58-25-20. Definitions.
Section 58-25-35. Members of authority.
Section 58-25-45. Appointment of board members of pre-existing authorities.
Section 58-25-50. Powers and duties of authority.
Section 58-25-60. Sources of funds; vehicle registration fee.
Section 58-25-70. Recordkeeping and reporting; proposal and approval of budgets.
Section 58-25-90. Authority to have sole responsibility for operations of transportation services.
Section 58-25-100. Local funds to be used to implement plan of service.