For the purposes of computing the 'index of taxpaying ability' pursuant to item (3) of Section 3 of Act 163 of 1977 (South Carolina Education Finance Act) for any area in which tax increment financing plan is in effect the value to be used shall be the original assessed value plus any portion of the captured assessed value which is distributed among taxing authorities pursuant to Section 31-8-120.
HISTORY: 1981 Act No. 164, Section 3.
Structure South Carolina Code of Laws
Chapter 20 - Education Finance Act Of 1977
Section 59-20-10. Short title.
Section 59-20-20. Definitions.
Section 59-20-23. Index of taxpaying ability calculation.
Section 59-20-30. Declaration of legislative purpose.
Section 59-20-40. Determination of annual allocations.
Section 59-20-50. State contribution level requirements; salary schedules.
Section 59-20-55. Proficiency requirements for teachers.
Section 59-20-80. School budgets must be made public; itemization of salaries.
Section 59-20-90. School district fiscal practices of concern, actions authorized.
Section 59-20-95. Fiscal practices of local education agencies of concern, actions authorized.