PocketLaw | South Carolina Code Of Laws | Fee In Lieu Of Tax

Fee In Lieu Of Tax Simplification Act

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Section
12-44-10

Short title.

Section
12-44-20

Legislative findings.

Section
12-44-30

Definitions.

Section
12-44-40

Fee agreement; economic development property to be exempt from ad valorem taxation; exemption period; inducement resolution; location of exempt property; criteria to qualify as economic development property.

Section
12-44-50

Contents of fee agreement; disposal of economic development property; reduction of fee.

Section
12-44-55

Agreements; content requirements.

Section
12-44-60

Replacement property; qualifications and conditions.

Section
12-44-70

Use of revenues.

Section
12-44-80

Distribution of fee payments.

Section
12-44-90

Filing of returns, contracts, and other information; due date of payments and returns.

Section
12-44-100

Sponsor committed to enhanced investment to continue to benefit from this chapter despite failure to make required investment where minimum investment met; assessment ratio.

Section
12-44-110

Property previously subject to state property taxes not qualified to be economic development property; exceptions.

Section
12-44-120

Transfers of interest in fee agreement and economic development property; sale-leaseback arrangement; requirements.

Section
12-44-130

Minimum investment to qualify for fee; notice to department of all sponsors or sponsor affiliates with investments subject to fee.

Section
12-44-140

Termination of fee agreement; automatic termination; minimum level of investment required to remain qualified for fee.

Section
12-44-150

Projects to be taxable property at level of negotiated payments for purposes of bonded indebtedness and for computing index of taxpaying ability.

Section
12-44-160

Transfer of title; qualification for a fee in lieu of taxes.

Section
12-44-170

Economic development property; transfer of property to fee arrangement provided for by this chapter.