Chapter

Fee in Lieu of Tax Simplification Act

S.C. Code Ann. § 12-44-10— Short title
S.C. Code Ann. § 12-44-20— Legislative findings
S.C. Code Ann. § 12-44-30— Definitions
S.C. Code Ann. § 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
S.C. Code Ann. § 12-44-50— Contents of fee agreement; disposal of economic development property; reduction of fee
S.C. Code Ann. § 12-44-55— Agreements; content requirements
S.C. Code Ann. § 12-44-60— Replacement property; qualifications and conditions
S.C. Code Ann. § 12-44-70— Use of revenues
S.C. Code Ann. § 12-44-80— Distribution of fee payments
S.C. Code Ann. § 12-44-90— Filing of returns, contracts, and other information; due date of payments and returns
S.C. Code Ann. § 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
S.C. Code Ann. § 12-44-110— Property previously subject to state property taxes not qualified to be economic development property; exceptions
S.C. Code Ann. § 12-44-120— Transfers of interest in fee agreement and economic development property; sale-leaseback arrangement; requirements
S.C. Code Ann. § 12-44-130— Minimum investment to qualify for fee; notice to department of all sponsors or sponsor affiliates with investments subject to fee
S.C. Code Ann. § 12-44-140— Termination of fee agreement; automatic termination; minimum level of investment required to remain qualified for fee
S.C. Code Ann. § 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
S.C. Code Ann. § 12-44-160— Transfer of title; qualification for a fee in lieu of taxes
S.C. Code Ann. § 12-44-170— Economic development property; transfer of property to fee arrangement provided for by this chapter