The authority is performing an essential governmental function in the exercise of the powers conferred upon it and is not required to pay taxes or assessments upon property or upon its operations or the income from them, or taxes or assessments upon property or loan obligations acquired or used by the authority or upon the income from them.
Exempt from taxes and assessments
S.C. Code Ann. § 11-50-110, under Title 11, Chapter 50.
S.C. Code Ann. § 11-50-110