South Carolina § 57-5-1470 - Exemption of bonds from taxation.
Full text of South Carolina South Carolina Code of Laws § 57-5-1470 — Exemption of bonds from taxation., with citation guidance and answers to common questions.
§ 57-5-1470. Exemption of bonds from taxation.
All turnpike bonds issued under this article, and the interest thereon, are exempt from all state, county, municipal, school district, and other taxes or assessment, direct or indirect, general or special, imposed by the State of South Carolina, whether imposed for the purpose of general revenue or otherwise, except inheritance, estate, or transfer taxes. Each turnpike facility constitutes a portion of the state highway system and as such is not subject to ad valorem or other forms of taxation by the State or any of its political subdivisions.
HISTORY: 1980 Act No. 449; 1985 Act No. 201, Part II, SECTION 84D.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 57-5-1470
What does South Carolina Code of Laws § 57-5-1470 cover?
Section 57-5-1470 ("Exemption of bonds from taxation.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 57-5-1470?
A common citation format is "South Carolina Code of Laws § 57-5-1470" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 57-5-1470 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.