Public-domain · open source
OpenJurist

S.C. Code Ann. § 4-10-50

Distribution of revenue set aside for the County/Municipal Revenue Fund

1990 Act No. 317, SECTION 1, eff February 2, 1990; 1991 Act No. 168, SECTION 14, eff June 28, 1991.

(A) The revenue generated in a county area and set aside and allocated to the County/Municipal Revenue Fund must be distributed to the county and the municipalities in the county area as follows:

(1) fifty percent based upon the location of the sale;

(2) fifty percent based on population.

(B) The population of the county is the population of the county area, and the population of the municipalities is the population within the corporate boundaries of the municipalities in the county area.

(C) Revenue distributed to a county or municipality under this section may be used to provide an additional property tax credit in the manner provided in Section 4-10-40(B).

Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.