{"data":{"id":"us-sc/s.c.-code-ann.-12-44-150","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 12-44-150","heading":"Projects to be taxable property at level of negotiated payments for purposes of bonded indebtedness and for computing index of taxpaying ability.","body":"Projects to which a fee agreement applies pursuant to this section are considered taxable property at the level of the negotiated payments for purposes of bonded indebtedness pursuant to Sections 14 and 15, Article X of the Constitution of this State, and for purposes of computing the index of taxpaying ability pursuant to Section 59-20-20(3). However, for a project located in an industrial development park as defined in Section 4-1-170, projects are considered taxable property in the manner provided in Section 4-1-170 for purposes of bonded indebtedness pursuant to Sections 14 and 15, Article X of the Constitution of this State, and for purposes of computing the index of taxpaying ability pursuant to Section 59-20-20(3). However, the computation of bonded indebtedness limitation is subject to the requirements of Section 4-29-68(E).","path":["Title 12 - TAXATION","CHAPTER 44 Fee in Lieu of Tax Simplification Act"],"source_url":"https://www.scstatehouse.gov/code/t12c044.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T06:36:34Z","sha256":"f30e3d13a50a0a8d952bafa0915e387e6ecb9bebf43d2f28ebf2ed50b7293382","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-12-44-140","next":"us-sc/s.c.-code-ann.-12-44-160"},"notice":"GroundRules: Original legal text. Not legal advice."}