South Carolina Code 4-10-920. Definitions
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For purposes of this article:
(1) "County" means a county in which revenues of the state accommodations tax imposed pursuant to § 12-36-920 have aggregated at least fourteen million dollars in a fiscal year.
Terms Used In South Carolina Code 4-10-920
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(2) "Fee" means the local option tourism development fee allowed to be imposed as provided in this article.
(3) "Municipality" means a municipal corporation created pursuant to Chapter 1 of Title 5 or a municipal government as the use of the term dictates, located in a county as defined by subsection (1).