As used in this article: (1) '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 Section 12-43-220. Property subject to a fee in lieu of property taxes, as defined in Chapter 12, Title 4 is not included in this definition of a class of property. All classes of property are provided a credit against property tax liability as provided in this article. (2) '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. (3) 'Property tax' means all property tax millage imposed for operating purposes by a political subdivision. (4) 'Property tax liability' means the amount of tax due as a result of the imposition of property tax. (5) 'RFA' means the Revenue and Fiscal Affairs Office. HISTORY: 2006 Act No. 388, Pt III, Section 1, eff January 1, 2007.
South Carolina Legal Code