23 chapters · 507 sections in this title.
S.C. Code Ann. § 4-12-10 Definitions
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As used in this chapter: (1) "Department" means the South Carolina Department of Revenue. (2) "Project" means land, buildings, and other improvements on the land including water, sewage treatment and disposal facilities, air pollution control facilities, and all other machinery, …
S.C. Code Ann. § 4-12-20 Lease agreements between county, municipality, school district, water and sewer authority, or other political subdivisions and another party to contain provision for fees in lieu of taxes
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Every agreement between a county, municipality, school district, water and sewer authority, or other political subdivision and another party in the form of a lease must contain a provision requiring the other party to make payments to the county, municipality, school district, wa…
S.C. Code Ann. § 4-12-30 Fees in lieu of taxes; exception for qualifying inducement lease agreements
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(A) Notwithstanding the provisions of Section 4-12-20 for a project qualifying under subsection (B), the county and a sponsor may enter into an inducement agreement which provides for a fee in lieu of taxes, as provided in this section, for certain property, title to which is hel…
Agreements; content requirements; waiver
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(A) All agreements entered into pursuant to this chapter must include as the first portion of the document a recapitulation of the remaining contents of the document which includes, but is not limited to, the following: (1) the legal name of each party to the agreement; (2) the c…