§ 4-10-720 Definitions
§ 4-10-730 Local option sales and use tax; credit against property tax liability
§ 4-10-740 Referendum
§ 4-10-750 Subsequent referendum
§ 4-10-760 Referendum on question of rescinding tax
§ 4-10-770 Collection process
§ 4-10-780 Distribution of revenues
§ 4-10-790 Calculating distributions and estimating revenues; use of data furnished by Department of Revenue
§ 4-10-800 Millage limits
§ 4-10-810 Revenues as one of local revenues used in computation of Education Improvement Act maintenance of local effort
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Terms Used In South Carolina Code > Title 4 > Chapter 10 > Article 7 - Local Option Sales and Use Tax

  • Attack: means any action or series of actions taken by an enemy of the United States resulting in substantial damage or injury to persons or property in this State whether through sabotage, bombs, missiles, shellfire, or atomic, radiological, chemical, bacteriological, or biological means or other weapons or methods. See South Carolina Code 2-5-20
  • Class of property: means property classified for property tax purposes as provided pursuant to Section 1, Article X of the Constitution of this State and as further permitted in § 12-43-220. See South Carolina Code 4-10-720
  • Concurrent resolution: A legislative measure, designated "S. Con. Res." and numbered consecutively upon introduction, generally employed to address the sentiments of both chambers, to deal with issues or matters affecting both houses, such as a concurrent budget resolution, or to create a temporary joint committee. Concurrent resolutions are not submitted to the President/Governor and thus do not have the force of law.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Personal property: All property that is not real property.
  • Political subdivision: means a county, or a school district located wholly or partly within a county area, or both the county and a school district so located. See South Carolina Code 4-10-720
  • Property tax: means all property tax millage imposed for operating purposes by a political subdivision. See South Carolina Code 4-10-720
  • Property tax liability: means the amount of tax due as a result of the imposition of property tax. See South Carolina Code 4-10-720
  • Quorum: The number of legislators that must be present to do business.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
  • RFA: means the Revenue and Fiscal Affairs Office. See South Carolina Code 4-10-720