All property acquired by any city of this State for the purpose of establishing, developing, maintaining or operating the port and terminal utilities of such city in pursuance of the provisions of this chapter shall be exempt from taxation so long as it shall be maintained and used for such purposes.
S.C. Code Ann. § 54-5-100
Tax exemption of port and terminal utilities
1962 Code SECTION 54-116; 1952 Code SECTION 54-116; 1942 Code SECTION 7565; 1932 Code SECTION 7581; 1926 (34) 947.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.