The property of the authority is not subject to any taxes or assessments, but the authority shall negotiate a payment in lieu of taxes with the appropriate taxing authorities.
S.C. Code Ann. § 13-19-200
Tax exemption of authority property; payment in lieu of taxes
1992 Act No. 515, SECTION 4, eff July 1, 1992.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.