South Carolina Code 41-43-130. Bonds and income exempt from certain taxes; exemption of documents from transfer and stamp taxes
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Terms Used In South Carolina Code 41-43-130
- Act: means the South Carolina Jobs - Economic Development Fund Act. See South Carolina Code 41-43-20
- Bonds: means any evidence of indebtedness of the authority in any form including, but not limited to, notes, warrants, bonds, or any similar obligation evidenced in written, printed, or electronic means. See South Carolina Code 41-43-20
The bonds and the income therefrom are exempt from all taxation in the State except for inheritance, estate, or transfer taxes. All security agreements and financing agreements made pursuant to this act are exempt from stamp and transfer taxes.