The principal of and interest on bonds issued under this chapter are exempt from taxation, as provided in Section 12-2-50. All security agreements, indentures, and financing agreements made pursuant to the provisions of this chapter are exempt from state stamp and transfer taxes.
S.C. Code Ann. § 13-19-70
Bond principal and interest, security agreements, indentures, and financing agreements exempt from taxation
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.